Bank of Baroda trades in green on the BSE

Bank Of Baroda | Bank - Public | BFSI | BSE: 532134 | NSE: BANKBARODA

01 Mar 2012 Evaluate

Bank of Baroda (BOB) is currently trading at Rs. 817.20, up by 13.40 points or 1.67% from its previous closing of Rs. 803.80 on the BSE.

The scrip opened at Rs. 804.45 and has touched a high and low of Rs. 828.90 and Rs. 804.45 respectively. So far 117736 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1006.50 on 28-Apr-2011 and a 52 week low of Rs. 630.35 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 828.80 and Rs. 754.00 respectively. The current market cap of the company is Rs. 31903.17 crore.

The promoters holding in the company stood at 57.03% while Institutions and Non-Institutions held 30.79% and 12.18% respectively.

Bank of Baroda (BOB) has entered into a memorandum of understanding (MOU) with Credit Analysis and Research (CARE) under which the micro, small and medium enterprises (MSME) customers of the bank will obtain credit ratings from CARE and bank will utilize CARE’s ratings for evaluating its existing as well as potential MSME clients. The rating would help BOB in selection of quality of assets. The MOU was executed on February 18, 2012.

CARE was incorporated in April 1993, and is promoted by IDBI Bank and Canara Bank. CARE is a leading, full service credit rating company in India.

Bank of Baroda, India’s International Bank, established in 1908, has more than 3700 branches across the country. The Bank is a key player and very active in financing SMEs nationwide through its 44 SME Loan Factories across the country.