BANK OF BARODA Plunges by 5%; BSE BANKEX Index Down 0.2%
July 23, 2019 03:30 PM

BANK OF BARODA share price has plunged 5% and is presently trading at Rs 120.

Meanwhile, the BSE BANKEX Index is at 33,189 (down 0.2%).

Among the top losers in the BSE BANKEX Index today is BANK OF BARODA (down 5.1%).

KOTAK MAHINDRA BANK (up 2.9%) and CITY UNION BANK (up 1.7%) are among the top gainers today.

Over the last one year, BANK OF BARODA has moved down from Rs 126 to Rs 120, registering a loss of Rs 7 (down 5.3%)..

The BSE BANKEX has moved up from 29,992 to 33,189, registering a gain of 3,197 points (up 10.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 49.6%), AXIS BANK (up 34.6%) and SBI (up 28.2%).

What About the Benchmark Indices?

The BSE Sensex is at 38,218 (down 0.1%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 3.0%). The most traded stocks in the BSE Sensex are POWER GRID and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,398 (down 0.2%). POWER GRID (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,719 to 38,218, registering a gain of 1,499 points (up 3.5%).

BANK OF BARODA Financial Update...

BANK OF BARODA net profit down at Rs 10 billion for the quarter ended March 2019, compared to a loss of Rs 5 billion a year ago. Operating income rose 2.9% to Rs 133.1 billion during the period as against Rs 129.4 billion in January-March 2018.

For the year ended March 2019, BANK OF BARODA reported 156.3% decrease in net profit to Rs 10.3 billion compared to net profit of Rs 18.4 billion during FY18.

Revenue of the company grew 14.9% to Rs 529 billion during FY19.

The current Price to earnings ratio of BANK OF BARODA, based on rolling 12 month earnings, stands at 68.9x.