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Bank of Baroda soars on inking pact with DGS&D

24 Jul 2017 Evaluate

Bank of Baroda is currently trading at Rs. 164.90, up by 3.20 points or 1.98% from its previous closing of Rs. 161.70 on the BSE.

The scrip opened at Rs. 162.50 and has touched a high and low of Rs. 165.35 and Rs. 162.00 respectively. So far 206341 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 202.45 on 05-May-2017 and a 52 week low of Rs. 136.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 167.05 and Rs. 160.65 respectively. The current market cap of the company is Rs. 37995.59 crore.

The promoters holding in the company stood at 59.24%, while institutions and non-institutions held 33.22% and 7.54% respectively.

Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM). DGS&D has been mandated to set up GeM, an initiative intended to bring greater transparency and efficiency in public procurements.

The relationship of the bank with GeM will immensely benefit all stakeholders and ensure a support system including a dedicated team for seamless functioning of the portal.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Peers
Company Name CMP
State Bank Of India 953.00
PNB 114.35
Bank Of Baroda 234.75
Canara Bank 119.00
Union Bank Of India 173.10
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