Bank of Baroda Share Price – NSE  /  BSE

Banks, Mid Cap

Bank of Baroda has revised the Extra-ordinary General Meeting of the company which was scheduled to be held on 7 May 2024. The meeting will now be held on 15 May 2024.

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The Board of Bank of Baroda will meet on 25 April 2024 to consider the proposal of raising Capital for the FY 2024-25 aggregating upto Rs 7,500 Crore through Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue / ESPS or any other mode or combination of thereof and /orthrough issue of BASEL III compliant Tier I & Tier II Capital Bonds or such other securities as may be permitted under the applicable laws subject to necessary approvals.

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Domestic deposits stood at Rs 11,28,523 crore as on 31 March 2024, registering a growth of 7.75% year on year.

Domestic retail advances was at Rs 2,14,792 crore as on 31 March 2024, up 20.64% as against Rs 1,78,037 crore as on 31 March 2023.

The global business grew 11.20% to Rs 24,16,741 crore as on 31 March 2024 as compared to Rs 21,73,236 crore recorded in the same period a year ago.

Global deposits was at Rs 13,26,919 crore (up 10.24% YoY) and global advances stood at Rs 10,89,822 crore (up 12.41% YoY) as on 31 March 2024.

Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,211 branches and 11,030 ATMs and cash recyclers supported by self-service channels. The bank has a significant international presence with a network of 92 overseas offices spanning 17 countries. As of 31 December 2023, Government of India held 63.97% stake in the bank.

The PSU bank’s standalone net profit jumped 18.8% to Rs 4,579 crore in Q3 FY24 as compared with Rs 3,853 crore in Q3 FY23. Total income jumped 15.96% YoY to Rs 31,415.62 crore in Q3 FY24.

The scrip rose 0.67% to Rs 270.50 on the BSE.

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Bank of Baroda gained for a third straight session today. The stock is quoting at Rs 271.2, up 1.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 22422.6. The Sensex is at 73834.89, down 0.24%. Bank of Baroda has slipped around 0.73% in last one month.

Meanwhile, Nifty Bank index of which Bank of Baroda is a constituent, has slipped around 0.37% in last one month and is currently quoting at 47578.25, up 0.11% on the day. The volume in the stock stood at 65.09 lakh shares today, compared to the daily average of 143.92 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 273.15, up 1.77% on the day. Bank of Baroda is up 60.28% in last one year as compared to a 28.88% spurt in NIFTY and a 16.71% spurt in the Nifty Bank index.

The PE of the stock is 7.73 based on TTM earnings ending December 23.

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