Bank of Baroda rose 2.97% to Rs 157.60 at 11:24 IST on BSE after net profit fell 22.74% to Rs 1052.15 crore on 4.8% increase in total income to Rs 12243.72 crore in Q1 June 2015 over Q1 June 2014.
The result was announced during trading hours today, 30 July 2015.
Meanwhile, the S&P BSE Sensex was up 236.54 points or 0.86% at 27,799.56
On BSE, so far 8.75 lakh shares were traded in the counter as against average daily volume of 7.22 lakh shares in the past one quarter.
The stock hit a high of Rs 159.70 and a low of Rs 153.60 so far during the day. The stock hit a record high of Rs 228.90 on 23 January 2015. The stock hit a 52-week low of Rs 137.50 on 29 June 2015.
The stock had outperformed the market over the past one month till 29 July 2015, rising 6.17% compared with Sensex's 0.3% decline. The scrip, however, underperformed the market in past one quarter, sliding 11.15% as against Sensex's 1.24% gain.
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The large-cap PSU bank has an equity capital of Rs 442.30 crore. Face value per share is Rs 2.
Bank of Baroda has made provision at 20% on Secured Sub-Standard Advance as against the regulatory requirement of 15%. The bank's non performing provision coverage ratio stood at 64.94% as on 30 June 2015.
The Government of India holds 57.53% stake in Bank of Baroda (as per the shareholding pattern as on 30 June 2015).
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