Bank of Baroda back in green on the bourses

25 Apr 2012 Evaluate

Bank of Baroda is currently trading at Rs. 757.60, up by 0.20 points or 0.03% from its previous closing of Rs. 757.40 on the BSE.

The scrip opened at Rs. 758.00 and has touched a high and low of Rs. 764.80 and Rs. 747.00 respectively. So far 31851 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. 799.65 and Rs. 740.50 respectively. The current market cap of the company is Rs. 30965.81 crore.

The promoters holding in the company stood at 54.31% while Institutions and Non-Institutions held 34.04% and 11.65% respectively.

Aggregate shareholding of foreign institutional investors (FIIs), NRIs and persons of Indian origins (PIOs) under the portfolio investment scheme (PIS) in Bank of Baroda (BoB) have gone below the prescribed threshold limit stipulated under the extant foreign direct investment policy, as per the Reserve Bank of India (RBI).

The apex bank, however, has not clarified as to what was the threshold limit and what are the current levels in BoB. It has also withdrawn the restrictions placed on the purchase of shares of the bank with immediate effect. As a result, it will now be possible to purchase the shares of the bank in the secondary market on behalf of FIIs or NRIs or PIOs clients who have obtained permission to invest under the PIS subject to the existing ceilings and guidelines.

As per the BSE data, the state-owned bank's FII shareholding has been experiencing a continuous downward trend for the last three quarters. The aggregate shareholding in BoB by the FIIs was 14.34% in July-September 2011, 13.61% in October-December 2011 and 13.54 in the period of January-March 2012.

Bank Of Baroda Share Price

260.00 11.75 (4.73%)
05-Jun-2024 15:15 View Price Chart
Peers
Company Name CMP
SBI 789.00
Canara Bank 115.25
Bank Of Baroda 260.00
PNB 121.70
Union Bank Of India 140.65
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