Bank of Baroda gains after robust Q4 numbers

Stock up 5% at Rs 882

Bank of Baroda gained over 5% at Rs 882 after the public sector bank announced a healthy set of Q4 numbers.

The bank reported an uptick of 12.5% in its net profit of Rs 1,157 crore compared to Rs 1,028 crore in the year ago quarter.

Gross NPA was 2.94% compared to 3.32% on a sequential basis. Net NPA came in at 1.52% vs 1.88% q-o-q.

The bank reported net interest margin of Rs 3,124 crore.

BoB's slippages for the quarter amounted to Rs 1,217 crore.  Capital adequacy ratio (Basel III) came in at 12.28%.

The stock posted a sharp gain post the numbers and hit an intra-day high of Rs 913 which was also a 52-week high for the scrip.