Bank of Baroda rose 0.39% at Rs 901.30 at 9:44 IST on BSE after the bank said that its board of directors at a meeting held on Saturday, 27 September 2014, accorded its in-principle nod for 5-for-1 stock split, subject to necessary approvals.
The announcement was made on Saturday, 27 September 2014.
Meanwhile, the S&P BSE Sensex was down 36.60 points or 0.14% at 26,589.72.
On BSE, so far 27,000 shares were traded in the counter, compared with an average volume of 1.62 lakh shares in the past one quarter.
The stock hit a high of Rs 907.20 and a low of Rs 898 so far during the day. The stock had hit a 52-week high of Rs 1,009 on 16 May 2014. The stock had hit a 52-week low of Rs 484 on 30 September 2013.
The large-cap bank has equity capital of Rs 432.15 crore. Face value per share is Rs 10.
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The stock had outperformed the market over the past one month till 26 September 2014, advancing 0.77% compared with Sensex's 0.69% rise. The scrip had, however, underperformed the market in past one quarter, jumping 5.7% as against Sensex's 6.24% rise.
Bank of Baroda's net profit rose 16.6% to Rs 1361.88 crore on 9% growth in total income to Rs 11682.50 crore in Q1 June 2014 over Q1 June 2013.
Government of India holds 56.26% stake in Bank of Baroda (as per the shareholding pattern as on 30 June 2014).
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