Bank of Baroda plunges 4.7% post Q2 results

The bank has posted a net profit of Rs. 124 crore for the quarter ended September 30, 2015 as compared to Rs. 110.4 crore for the quarter ended September 30, 2014.

Bank of Baroda has plunged 4.7% to Rs.152 on BSE. Earlier, it had crashed by as much as 10%. The Bank has posted a net profit of Rs. 124 crore for the quarter ended September 30, 2015 as compared to Rs. 110.4 crore for the quarter ended September 30, 2014. Total Income has increased from Rs. 11817.3 crore for the quarter ended September 30, 2014 to Rs. 12300.4 crore for the quarter ended September 30, 2015.

The scrip opened at Rs. 159 and has touched a high and low of Rs. 159 and Rs. 143.55 respectively. So far 120,31,085 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36751.35 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.9 on 23-Jan-2015 and a 52 week low of Rs. 137.5 on 29-Jun-2015. Last one week high and low of the scrip stood at Rs. 165.3 and Rs. 156.85 respectively.

The promoters holding in the company stood at 59.24 % while Institutions and Non-Institutions held 33.21 % and 7.55 % respectively.

The stock is currently trading above its 50 DMA.