Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 27168.93 Crore).
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 13180.75 Crore, down -1.89 % from last quarter Interest Income of Rs 13434.27 Crore and down -7.40 % from last year same quarter Interest Income of Rs 14233.49 Crore. The bank reported net profit after tax of Rs 1794.30 Crore in latest quarter.
Investment Rationale
Post-18% decline from its recent peak, the stock in today’s trade recovered the day’s losses and managed to settle above the prior session’s low. Momentum oscillators on short-term charts are hovering near the support zone. Hence, any positive follow through could attract some buying interest.
Promoter/FII Holdings
Promoters held 71.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 3.94 per cent, DIIs 11.10 per cent and public and others 13.36 per cent.
