Bank of Baroda rose 3.19% to Rs 113.05 at 12:30 IST on the BSE after net profit rose 34.4% to Rs 709.87 crore on 63.1% rise in total income to Rs 20,860.90 crore in Q1 June 2019 over Q1 June 2018.
The result was announced after market hours yesterday, 25 July 2019.
Meanwhile, the S&P BSE Sensex was up by 86.4 points or 0.23% to 37,900.21.
On the BSE, 11.30 lakh shares were traded in the counter so far compared with average daily volumes of 11.67 lakh shares in the past two weeks. The stock had hit a high of Rs 114.25 and a low of Rs 110.05 so far during the day. It hit a 52-week high of Rs 157.45 on 9 August 2018 and a 52-week low of Rs 90.7 on 11 October 2018.
The bank's gross non-performing assets (NPAs) stood at Rs 69,713.95 crore as on 30 June 2019 as against Rs 48,232.77 crore as on 31 March 2019 and Rs 55,874.81 crore as on 30 June 2018.
The ratio of gross NPAs to gross advances stood at 10.28% as on 30 June 2019 as against 9.61% as on 31 March 2019 and 12.46% as on 30 June 2018.
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The ratio of net NPAs to net advances stood at 3.95% as on 30 June 2019 as against 3.33% as on 31 March 2019 and 5.4% as on 30 June 2018.
Provision coverage ratio of the bank was at 64.1% as on Q1 June 2019 as compared to 57.15% in Q1 June 2018.
Net interest income (NII) rose 2.61% to Rs 6496 crore in Q1 June 2019 over Q1 June 2018.
Bank of Baroda is one of the leading commercial banks in India. Government of India holds 69.232% stake in the bank (as on 30 June 2019).
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