Bank of Baroda had jumped 5.49% to Rs 282.75 at 14:36 IST after it reduced interest rates on home loans by up to 50 basis points to 10-11.50%.
The BSE Sensex was up 81.44 points, or 0.55%, to 15403.34, as fears of a US economic slowdown eased after US President George W. Bush and Federal Reserve Chairman Ben Bernanke reassured investors on Friday (31 August 2007) they would do what was needed to shelter the world's largest economy from recent market turmoil. Data released during trading hours on Friday (31 August 2007) showing strong economic growth in India in Q1 June 2007 and easing of inflation also aided upmove on the bourses.
Data released during trading hours on Friday (31 August 2007) showing strong economic growth in India in Q1 June 2007 and easing of inflation also aided upmove on the bourses.
On BSE, 2.48 lakh shares of the scrip were traded. The stock had an average daily volume of 2.07 lakh shares on BSE in past one quarter.
The scrip had touched a high of Rs 283.95 and a low of Rs 270 so far during the day. The stock had hit a 52-week high of Rs 322 on 9 August 2007 and a 52-week low of Rs 188.50 on 7 March 2007.
The Bank of Baroda (BoB) scrip had underperformed the market in the one month to 31 August 2007, falling 8.21% as against the Sensex's 2.22% gain. It had also underperformed the market in the past three months, sliding 1.45% against the Sensex's 5.13% rise.
The fifth largest state run bank in terms of revenue has an equity capital of Rs 367 crore. Face value per share is Rs 10.
At the current price of Rs 282.75, the scrip trades at a PE multiple of 7.81, based on Q1 June 2007 annualised EPS of Rs 36.20.
As per reports, the bank has cut home loan rates for new borrowers in the hope that it would generate some demand. The bank has hardly done any business in the first five months of 2007-08.
BoB's net profit rose 102.6% to Rs 330.84 crore on 37.9% rise in operating income to Rs 3024.80 crore in Q1 June 2007 over Q1 June 2006.
Bank of Baroda provides lending, banking, financing rehabilitation, treasury and investment management services to consumers and to industries
The BSE Sensex was up 81.44 points, or 0.55%, to 15403.34, as fears of a US economic slowdown eased after US President George W. Bush and Federal Reserve Chairman Ben Bernanke reassured investors on Friday (31 August 2007) they would do what was needed to shelter the world's largest economy from recent market turmoil. Data released during trading hours on Friday (31 August 2007) showing strong economic growth in India in Q1 June 2007 and easing of inflation also aided upmove on the bourses.
Data released during trading hours on Friday (31 August 2007) showing strong economic growth in India in Q1 June 2007 and easing of inflation also aided upmove on the bourses.
On BSE, 2.48 lakh shares of the scrip were traded. The stock had an average daily volume of 2.07 lakh shares on BSE in past one quarter.
The scrip had touched a high of Rs 283.95 and a low of Rs 270 so far during the day. The stock had hit a 52-week high of Rs 322 on 9 August 2007 and a 52-week low of Rs 188.50 on 7 March 2007.
The Bank of Baroda (BoB) scrip had underperformed the market in the one month to 31 August 2007, falling 8.21% as against the Sensex's 2.22% gain. It had also underperformed the market in the past three months, sliding 1.45% against the Sensex's 5.13% rise.
The fifth largest state run bank in terms of revenue has an equity capital of Rs 367 crore. Face value per share is Rs 10.
At the current price of Rs 282.75, the scrip trades at a PE multiple of 7.81, based on Q1 June 2007 annualised EPS of Rs 36.20.
As per reports, the bank has cut home loan rates for new borrowers in the hope that it would generate some demand. The bank has hardly done any business in the first five months of 2007-08.
BoB's net profit rose 102.6% to Rs 330.84 crore on 37.9% rise in operating income to Rs 3024.80 crore in Q1 June 2007 over Q1 June 2006.
Bank of Baroda provides lending, banking, financing rehabilitation, treasury and investment management services to consumers and to industries
0 comments:
Post a Comment