Bank of Baroda (BOB) hit a high of 7.83% in the fourth session. On December 8, the stock hit a 52-week high of Rs 184.75. On December 27, the stock hit a 52-week low of Rs 77.
The stock outperformed the broader market on November 22, surging 17.37% compared with a 2.16% gain for the Sensex. The stock had a stellar second quarter, surging 33.33% compared with the Sensex’s increase of 4.72%. The stock underperformed the market in 2021, rising 101.79% compared with Sensex’s gain of 6.58%.
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The stock was trading above its 50-day simple moving average (SMA) placed at 151.60, 100-day simple moving average (SMA) placed at 138.44, and 200-day simple moving average (SMA) placed at 121.71
As the largest bank in India, the Bank of Baroda has 8,161 branches and 11,461 ATMs and cash recyclers supported by self-service channels.
On a consolidated basis, BOB’s net profit rose 13.86% to Rs 23,080.03 crore and 58.7% to Rs 3,313.42 crore in Q2FY23 compared to Q2FY22.
