Bank of Baroda shares gain 3.17% as Sensex rises
Bank of Baroda traded 3.17 per cent up at Rs 232.3 at 10:15AM (IST) on Wednesday, even as BSE benchmark Sensex gained 394.14 points to 71730.94.
The stock had closed at Rs 225.15 in the previous session. The stock quoted a 52-week high price of Rs 232.4 and 52-week low of Rs 146.5, respectively.
As per BSE data, total traded volume on the counter till 10:15AM (IST) stood at 364794 shares with a turnover of Rs 8.37 crore.
At the current price, the stock traded at 6.41 times its trailing 12-month earnings per share of Rs 35.97 per share and 0.83 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.82.
Shareholding Details
Promoters held 63.97 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.39 per cent and DIIs 9.81 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 73.11. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30.
