Bank of Baroda slips 1% after CBI's chargesheet

CBI filed its chargesheet against two employees of Bank of Baroda for offences including criminal conspiracy and cheating in connection with alleged illegal remittances of over Rs 6,000 crore made to over 350 accounts in Hong Kong and Dubai from one of its branch, according to reports.

Bank of Baroda stock is down by 1% at Rs. 159. CBI  filed its charge sheet against two employees of Bank of Baroda for offences including criminal conspiracy and cheating in connection with alleged illegal remittances of over Rs 6,000 crore made to over 350 accounts in Hong Kong and Dubai from one of its branch, according to reports.

The scrip opened at Rs. 160.1 and has touched a high and low of Rs. 161.05 and Rs. 158.85 respectively. So far 914002(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36935.68 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. 163.4 and Rs. 150.8 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 100 DMA.