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Bank of Baroda drops on profit booking

Bank of Baroda lost 2.51% to Rs 756.45

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Capital Market Mumbai
Last Updated : Apr 03 2014 | 2:23 PM IST

Bank of Baroda lost 2.51% to Rs 756.45 at 10:21 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 54.78 points or 0.24% at 22,496.71.

On BSE, so far 81,000 shares were traded in the counter as against average daily volume of 2.15 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 2.86% at the day's low of Rs 753.70 so far during the day. The stock rose as much as 0.52% at the day's high of Rs 780 so far during the day. The stock had hit a 52-week low of Rs 429.25 on 20 August 2013. The stock had hit a 52-week high of Rs 781.80 on Wednesday, 2 April 2014.

The stock had outperformed the market over the past one month till 2 April 2014, surging 40.92% compared with the Sensex's 6.78% rise. The scrip had also outperformed the market in past one quarter, jumping 19.34% as against Sensex's 7.96% rise.

The large-cap state-run bank has equity capital of Rs 432.15 crore. Face value per share is Rs 10.

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Shares of Bank of Baroda had rallied 7.56% in two trading sessions to settle at Rs 775.95 on Wednesday, 2 April 2014, from a recent low of Rs 721.35 on 31 March 2014.

Bank of Baroda's net profit rose 3.6% to Rs 1047.84 crore on 9.7% growth in total income to Rs 10622.80 crore in Q3 December 2013 over Q3 December 2012.

The Government of India holds 55.41% stake in Bank of Baroda (as per the shareholding pattern as on 31 December 2013).

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First Published: Apr 03 2014 | 10:23 AM IST

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