Bank of Baroda rose 1.03% to Rs 587 at 11:46 IST on BSE after net profit declined 10.24% to Rs 1168.10 crore on 9.38% growth in total income to Rs 10447.31 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced during trading hours today, 31 October 2013.
Meanwhile, the S&P BSE Sensex was up 29.30 points or 0.14% at 21,063.27.
On BSE, 2.18 lakh shares were traded in the counter as against average daily volume of 2.14 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.43% at the day's high of Rs 594.85 so far during the day. The stock lost as much as 0.62% at the day's low of Rs 577.05 so far during the day. The stock had hit a 52-week low of Rs 429.25 on 20 August 2013. The stock had hit a 52-week high of Rs 899.65 on 3 January 2013.
The stock had outperformed the market over the past one month till 30 October 2013, surging 17.65% compared with the Sensex's 8.54% rise. The scrip had, however, underperformed the market in past one quarter, advancing 4.87% as against Sensex's 8.71% rise.
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The large-cap state-run bank has equity capital of Rs 423.99 crore. Face value per share is Rs 10.
Bank of Baroda (BoB)'s ratio of gross non-performing assets (NPAs) to gross advances increased to 3.15% as on 30 September 2013 from 2.99% as on 30 June 2013 and 1.98% as on 30 September 2012. The ratio of net NPAs to net advances increased to 1.86% as on 30 September 2013 from 1.69% as on 30 June 2013 and 0.82% as on 30 September 2012.
BoB's provisions and contingencies jumped 33.17% to Rs 860.83 crore in Q2 September 2013 over Q2 September 2012. Provision coverage ratio stood at 61.68% as on 30 September 2013.
BoB's deposits grew 18.81% to Rs 484931 crore as on 30 September 2013 from Rs 408149.50 crore as on 30 September 2012. Advances rose 16.31% to Rs 339855.30 crore as on 30 September 2013 from Rs 292180.90 crore as on 30 September 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 12.32% as on 30 September 2013 as against 12.7% as on 30 June 2013 and 12.91% as on 30 September 2012. CAR as per Basel III norms stood at 12.07% as on 30 September 2013.
The Government of India holds 55.41% stake in Bank of Baroda (as per the shareholding pattern as on 30 September 2013).
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