Bank Of Baroda up by 5.86%: Espresso Shot of the Day | Espresso

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Espresso Shot of the Day - Bank Of Baroda up by 5.86 percent

February 07, 2022
Espresso Shot of the Day - Bank Of  Baroda up by 5.86 percent

BANK OF BARODA 112.85  (+5.86%) BSE – INE028A01039 | Feb 7, 2022


Bank of Baroda was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908. The bank, along with 13 other major commercial banks of India was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU). It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is the story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with the millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.


Recent Drivers

  • On Feb 5, 2022, Bank of Baroda reported a Quarterly Net Profit of 106.01% amounting to Rs.2463.75 crores in the quarter ended December 2021, as against Rs.1195.96 crores during the previous quarter ended December 2020.
  • On Dec 21, 2021, the company appointed Shri Ajay Singhal, as part-time Non-Official Director of Bank of Baroda.
  • On Dec 13, 2021, Bank of Baroda (BOB) joined hands with the National Payments Corporations of India (NPCI) to launch bob World Wave, a wearable line of products for payments, integrated with a complete health ecosystem.
  • On Nov 26, 2021, the company raised Rs.1, 997 crores by issuing Basel III-compliant bonds. 
 (Sources:,  Business standard, Moneycontrol, BSE, The Hindu Business Lines)


Technical Force*

  • S&P BSE 200 month till date gain up by -0.46%
  • Traded on 52 Week high value 117.25
  • Spurt in Volume by more than 2.87 times compared to the previous vol. 3 months avg. volume: 25,57,832
  • Quantity traded: 1,26,42,190 | Deliverable Quantity: 29,49,423 (23.33%)
  • Stock price jumped by more than 85% from a one-year-low level: 61.80 (Apr 22, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 117.25 | 52-week-low: 61.80


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

152.63

130.32

106.13

83.82

59.63

37.32

13.13

     -

Fibonacci Pivot

130.32

112.55

101.58

94.51

83.82

73.12

66.05

55.08

37.32


Today’s Close

112.85

SMA

BSE

10 DAY

104.99

20 DAY

99.27

50 DAY

91.13

200 DAY

85.05


Some Key Ratios (Source: BSE)

Market Cap:  58,358.82 Crores

PE: 13.12

OPM%: -

ROE%: 5.52

Promoters holding%: 63.97

Prev. Close: 106.60


*Chart and Technical Force data from the 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.