Bank of Baroda extends rally; hits over two-year high on strong Q3 results

Shares of Bank of Baroda (BOB) hit an over two-year high of Rs 117.50, and gained 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise weak market. The stock was trading at its highest level since July 23, 2019.

In the past two trading days, the stock has rallied 10 per cent after the state-owned lender reported a strong earnings for the quarter ended December 2021 (Q3FY22). At 01:15 pm, BOB was trading 2 per cent higher at Rs 115.20, as compared to 0.36 per cent decline in the S&P BSE Sensex.

In Q3FY22,