CapitalMarket.com - Bank of Baroda turns volatile as board to consider preferential issue
Hot Pursuit Friday, February 24, 2012 09:50 Hrs IST

Print this page


Bank of Baroda turns volatile as board to consider preferential issue

Bank of Baroda lost 0.43% to Rs 804.95 at 9:45 IST on BSE after the state-run bank said its board of directors will meet on 27 February 2012 to consider preferential issue of equity shares in favour of LIC/mutual funds.

The state-run bank made this announcement after market hours on Thursday, 23 February 2012.

Meanwhile, the BSE Sensex was down 11 points, or 0.06% to 18,067.50.

On BSE, 16,000 shares were traded in the counter as against average daily volume of 81,684 shares in the past one quarter.

The stock witnessed initial volatility. The scrip rose 2.23% at the day's high of Rs 826.50. The stock lost 1.14% at the day's low of Rs 799.20. The stock had hit a 52-week low of Rs 630.35 on 20 December 2011. The stock had hit a 52-week high of Rs 1,006.50 on 28 April 2011.

The stock had underperformed the market over the past one month till 23 February 2012, rising 4.24% compared with the Sensex's 7.92% gain. The scrip had, however, outperformed the market in past one quarter, surging 16.11% as against Sensex's 15.15% gain.

The large-cap state-run bank has an equity capital of Rs 394.28 crore. Face value per share is Rs 10.

Bank of Baroda's net profit rose 20.7% to Rs 1289.85 crore on 39.1% growth in total income to Rs 8821.32 crore in Q3 December 2011 over Q3 December 2010.

The Government of India (GoI) holds 57.03% stake in Bank of Baroda.

Previous Stories
More 4
Other Stories
4  FTIL tanks as Govt orders merger of NSEL with FTIL (21-Oct 15:25 Hrs IST)
4  South Indian Bank declines on dismal Q2 numbers (21-Oct 15:09 Hrs IST)
4  Welspun Corp gains on reporting turnaround in Q2 results (21-Oct 14:32 Hrs IST)
4  Stone India gallops on securing export order from China (21-Oct 14:31 Hrs IST)
4  HDFC Bank edges higher on good Q2 result (21-Oct 13:54 Hrs IST)
4  PNB recovers in volatile trade after declaring Q2 result (21-Oct 13:38 Hrs IST)
4  Volumes jump at Indraprastha Gas counter (21-Oct 13:17 Hrs IST)
4  PNB drops after declaring Q2 result (21-Oct 12:47 Hrs IST)
4  Swaraj Engines declines on marginal rise in Q2 net profit (21-Oct 12:32 Hrs IST)
4  Kalyani Steels spurts 14.62% in two days on stellar Q2 results (21-Oct 12:31 Hrs IST)
Next4