Bank of Baroda jumped 6.83% to Rs 896.70 at 12:11 IST on BSE after net profit rose 12.48% to Rs 1157.27 crore on 13.18% increase in total income to Rs 11614.85 crore in Q4 March 2014 over Q4 March 2013.
The result was announced during trading hours today, 13 May 2014.
Meanwhile, the BSE Sensex was up 452.26 points, or 1.92%, to 24,003.26.
On BSE, so far 3.96 lakh shares were traded in the counter, compared with an average volume of 2.36 lakh shares in the past one quarter.
The stock hit a high of Rs 913 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 841.20 so far during the day. The stock hit a 52-week low of Rs 429.25 on 20 August 2013.
The stock had outperformed the market over the past one month till 9 May 2014, rising 7.50% compared with 1.29% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.43% as against Sensex's 12.85% rise.
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The large-cap company has an equity capital of Rs 432.15 crore. Face value per share is Rs 10.
Bank of Baroda's (BoB) net profit rose 1.35% to Rs 4541.08 crore on 11.78% increase in total income to Rs 43402.45 crore in the year ended March 2014 over the year ended March 2013.
BoB's ratio of net non-performing assets (NPAs) to net advances stood at 1.52% as on 31 March 2014, compared with 1.88% as on 31 December 2013 and 1.28% as on 31 March 2013.
The bank's ratio of gross NPAs to gross advances stood at 2.94% as on 31 March 2014, compared with 3.32% as on 31 December 2013 and 2.40% as on 31 March 2013.
Provisions and contingencies fell 27.86% to Rs 1153.15 crore in Q4 March 2014 over Q4 March 2013. The provisioning coverage ratio as on 31 March 2014 stood at 65.45%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.28% as on 31 March 2014, compared with 12.01% as on 31 December 2013.
Government of India holds 56.26% stake in BoB (as on 31 March 2014).
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