Bank of Baroda up by 10 Percentage | Espresso


Espresso Shot - Bank of Baroda up by 10 Percentage

January 12, 2021
Espresso Shot - Bank of Baroda up by 10 Percentage

BANK OF BARODA  70.75 (+10.20%)   BSE – INE028A01039 |   12th JAN 2021

Bank of Baroda Binge Chart

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second-largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in Mumbai.

Recent Drivers

The Securities Appellate Tribunal (SAT) has reversed the penalty imposed by the Securities and Exchange Board of India (SEBI) on State Bank of India (SBI), Bank of Baroda, and Life Information Corporation (LIC) 

Bank of Baroda inks MoU with Small Industries Development Bank of India (SIDBI) to help MSMEs

Bank of Baroda will offer services like balance inquiry, mini statement, cheque status inquiry, cheque book request, blocking of debit card, information on Bank’s product and services, register/apply for digital products etc via WhatsApp

Bank of Baroda has rolled out a digital lending department that will digitise most of key sectors, including retail, MSME, and agriculture.  Bank of Baroda appointed global consulting firm KPMG to help with this transition, expects a move towards digitisation would help it bring down cost of operations by 25%

BOB Posted a net profit of Rs 1679 cr for the qtr ended sept, Net Interest income grew by 6.8%, assets quality improved with gross NPA  as provision of gross advance falling to 9.14  sept qtr against 9.39% June qtr

( source- Mint, Moneycontrol, Business today, Economics times)

Technical Force *

NIFTY PSUBANK month till date gain up by 8.98

Share price touched upper circuit rs. 70.60Stock price has jumped more than 50% in last six months low level – 39.5, 25 SEPT 20

Daily RSI(14) is in overbought territory for 1 periods, RSI has crossed above central line 3 period ago

52 week high – 90  52 week low- 36.05

Today’s Close70.75
10 DAY65.17
20 DAY63.79
50 DAY56.72
200 DAY48.66

Some Key Ratio (Source- BSE)

Market Cap: 32,690.51 cr.

PE: -344.85


ROE%: -0.12

* Chart And Technical Force data from Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.