Bank of Baroda jumped 8.32% to Rs 950.90 at 13:20 IST on BSE, extending Tuesday's 4.59% jump triggered by the company's good Q4 March 2014 outcome.
The result was announced during trading hours on Tuesday, 13 May 2014. Shares of Bank of Baroda (BoB) jumped 4.59% to Rs 877.90 on that day. The stock has risen 13.29% in two trading sessions from Rs 839.35 on Monday, 12 May 2014.
Meanwhile, the BSE Sensex was down 94.91 points, or 0.40%, to 23,776.32.
On BSE, so far 8.24 lakh shares were traded in the counter, compared with an average volume of 2.43 lakh shares in the past one quarter.
The stock hit a high of Rs 976 so far during the day, which is also 52-week high for the counter. The stock hit a low of Rs 878.30 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 13 May 2014, rising 12.44% compared with 5.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, soaring 65.14% as against Sensex's 18.21% 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 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 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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