Shares of Bank of Baroda fall as Nifty drops
Bank of Baroda slipped 3.49 per cent to Rs 226.25 in Monday's trade as of 01:54PM (IST). It hit a high of Rs 231.6 and low of Rs 225.45 during the session.
The stock quoted a 52-week high price of Rs 240.0 and a low of Rs 146.5.
The return on equity for the stock stood at 14.18 per cent. About 1,088,244 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.82.
The scrip has been an outperformer, up 23.5 per cent in the past one year in comparison with a 17.97 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 146.5 on January 08, while the 50-DMA was at Rs 209.92. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 63.97 per cent stake in Bank of Baroda as of 30-Sep-2023. Mutual funds and foreign institutional investors held 9.81 per cent and 12.39 per cent stake.
