Bank of Baroda edges higher amidst subdued trade

Bank of Baroda is currently trading at Rs 721.75, up by 1.45 points or 0.20% from its previous closing of Rs 720.30 on the BSE.

The scrip opened at Rs 723.00 and has touched a high and low of Rs 724.90 and Rs 713.30 respectively. So far 28472 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 899.65 on 03-Jan-2013 and a 52 week low of Rs 606.25 on 06-Sep-2012.

Last one week high and low of the scrip stood at Rs 745.50 and Rs 710.00 respectively. The current market cap of the company is Rs 30414.71 crore.

The promoters holding in the company stood at 54.31 % while Institutions and Non-Institutions held 34.94 % and 10.75 % respectively.

Bank of Baroda - sponsored regional rural bank - Baroda Gujarat Grameen Bank (BGGB) has launched RuPay ATM Card. Pursuant to this, about 8 lakh customers of BGGB will have access to over 1 lakh ATMs across the country to withdraw cash and carry out other transactions.

BGGB had 148 branches spread across 12 districts in Gujarat, as of end of March 2012. The central government has 50 percent stake in BGGB, while the balance stake is held by Bank of Baroda (35 percent) and Gujarat Government (15 percent).