Bank of Baroda spurted 12.61% to Rs 163.45 at 11:35 IST on BSE as the bank's ratio of net non-performing assets to net advances declined to 1.89% as on 31 March 2015 compared with 2.11% as on 31 December 2014.
The Q4 result was announced during market hours today, 11 May 2015.
Meanwhile, the S&P BSE Sensex was up 372.35 points or 1.37% at 27,477.74.
High volumes accompanied the stock's surge. On BSE, so far 34.06 lakh shares were traded in the counter as against average daily volume of 7.38 lakh shares in the past one quarter.
The stock hit a high of Rs 166.15 and a low of Rs 143.90 so far during the day. The stock had hit a record high of Rs 228.90 on 23 January 2015. The stock had hit a 52-week low of Rs 142.80 on 8 May 2015.
The stock had underperformed the market over the past one month till 8 May 2015, sliding 14.14% compared with Sensex's 5.58% fall. The scrip had also underperformed the market in past one quarter, declining 17.46% as against Sensex's 5.62% fall.
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The large-cap bank has equity capital of Rs 442.30 crore. Face value per share is Rs 2.
Bank of Baroda's ratio of net non-performing assets (NPAs) to net advances stood at 1.89% as on 31 March 2015 as against 2.11% as on 31 December 2014 and 1.52% as on 31 March 2014. The ratio of gross NPAs to gross advances stood at 3.72% as on 31 March 2015 as against 3.85% as on 31 December 2014 and 2.94% as on 31 March 2014.
Bank of Baroda's net profit declined 48.29% to Rs 598.35 crore on 3.81% growth in total income to Rs 12057.39 crore in Q4 March 2015 over Q4 March 2014.
The bank's provisions and contingencies rose 57.61% to Rs 1817.50 crore in Q4 March 2015 over Q4 March 2014. Non performing loan provisioning coverage ratio as on 31 March 2015 stood at 64.99%.
Bank of Baroda's Capital Adequacy Ratio (CAR) stood at 12.6% as on 31 March 2015 as against 12.42% as on 31 December 2014 and 12.28% as on 31 March 2014.
The Government of India (GoI) held 57.53% in Bank of Baroda (as per the shareholding pattern as on 31 March 2015).
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