Bank of Baroda

Sell Bank Of Baroda With Stoploss Of Rs 640

Bank Of BarodaStock market analyst Prasad Kushe is of the view that investors can sell Bank Of Baroda (BoB) stock with a target of Rs 615.

According to him, investors can sell the stock between Rs 630-636 with a strict stop loss of Rs 640.

If the stock fell below Rs 610, it may see more weakness.

Today, the stock opened at Rs 628 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 685 and a low of Rs 283 on BSE.

Current EPS & P/E ratio stood at 79.74 and 8.02 respectively.

Bank Of Baroda Intraday Buy Call

Bank of BarodaStock market analysts have maintained 'buy' rating on Bank Of Baroda with an intraday target of Rs 520.

According to them, interested traders can purchase the stock above Rs 513 with a strict stop loss of Rs 506. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 525.

Shares of the bank, on Thursday (Oct 29), closed at Rs 512.55 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 548 and a low of Rs 180.50 on BSE. Current EPS & P/E ratio stood at 74.44 and 7.09 respectively.

Bank Of Baroda Intraday Buy Call

Bank Of BarodaStock market analysts have maintained 'buy' rating on Bank Of Baroda with an intraday target of Rs 501.

According to them, interested traders can buy the stock above Rs 497 with a stop loss of Rs 493. If the stock market remains on positive track, the stock will hit Rs 505 in today's session.

Shares of the bank, on Thursday (Oct 08), closed at Rs 490.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 67.88 and 7.19 respectively. The share price has seen a
52-week high of Rs 497 and a low of Rs 180.50 on BSE.

Bank of Baroda to raise 1500 crore

Bank of Baroda to raise 1500 croreThe country's third largest public sector lender Bank of Baroda (BoB) has revealed its plans to raise about Rs 1,500 crore in the next 7 months from bonds.

The move has been planned by the bank to meet its capital requirement.

The lender plans to raise Rs 1,500 crore from Tier I and II bonds in the remaining part of the fiscal, which will help in maintaining capital adequacy ratio of over 12.5%. The bank expects credit growth of 25% in the fiscal.

Bank of Baroda Q1 net zooms 85% at Rs 685 crore

Bank of BarodaBacked by healthy interest income and trading profits, Bank of Baroda, India's third largest state-run lender has informed that it has clocked a robust jump of 85% in its net profit for the first quarter ended June 2009 on the back of healthy interest income and trading profits.

During the review quarter, the bank has reported a net profit of Rs 685 crore.

Bank of Baroda stated in a communiqué that it has recorded much higher profit in the latest quarter compared to net profit of Rs 370 crore in April-June 2008.

Bank of Baroda to raise Rs 3500 crore for expansion

Bank of Baroda to raise Rs 3500 crore for expansion Public Sector lender Bank of Baroda (BoB) has revealed its plan to raise Rs 3500 crore by various debt instruments during the current financial year.

The lender stated in an official communiqué that its board of directors has finally approved a plan of raising debt capital of Rs 3,500 crore during the financial year 2009-10.

The move was taken by the bank to fund its expansion plan. The bank intends to raise funds by way of innovative perpetual debt instruments (IPDI), perpetual non-cumulative preference shares (PNCPS).

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