Jobaaj Stories
Vadodara based PSU Bank of Baroda has seen its stock gain nearly 3%, 5% at today's peak, as the bank's strong Q4 update drove the stock price up.
The bank has seen a healthy 19% growth in its deposits as the same stood at Rs 12.04 lakh crores against Rs 10.45 lakh crores reported in the corresponding period last year.
Domestic deposits grew 13% YoY while CASA deposits saw a growth of 7.9%. Global advances reportedly grew 19% to Rs 9.73 lakh crores while domestic advances surged 16.9% to Rs 7.99 lakh crores.
Moreover, overall business of the bank grew a staggering 16.8% as total business of the bank touched Rs 21.77 lakh crores!
The stock of BoB had been on a losing streak for the last 3 trading sessions as it had fallen below the Rs 170 mark. However, the stock witnessed a full gap up opening as the stock made a high of Rs 173.90 per share.
Bears remained dominant today as the stock, which had opened at Rs 173 per share, fell to close at Rs 170.85 per share. However, the same provided a 2.8% gain when compared to yesterday's close.
- Aman Agarwal
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