Bank of Baroda shares today tumbled over 6 per cent, a day after rallying more than 22 per cent, on emergence of profit-taking amid a weak broader market trend.
The stock ended with a loss of 6.13 per cent at Rs 131 on BSE. During the day, it tumbled 7 per cent to Rs 129.75.
On NSE, it went down by 6 per cent to close at Rs 130.85.
Volumewise, 29.97 lakh shares of the company were traded at BSE and over two crore shares were traded at NSE during the day.
Consequently, the company's market valuation fell by Rs 1,970 crore to Rs 30,184.49 crore.
Bank of Baroda shares yesterday zoomed over 22 per cent despite the lender recording the highest-ever quarterly loss in the nation's banking history as it remained confident of posting a "reasonable level" of profit next fiscal.
Bank of Baroda on Saturday reported the highest-ever quarterly loss in the nation's banking history at Rs 3,342 crore for the October-December period after recognising and providing for the entire quantum of stressed assets identified through a special review undertaken by the RBI.
Meanwhile, in the broader market, the benchmark BSE Sensex fell by 362.15 points to end at 23,191.97.
