Shares of Bank of Baroda rise as Nifty gains
Bank of Baroda gained 1.17 per cent to Rs 191.65 in Tuesday's trade as of 10:05AM (IST). It hit a high of Rs 191.65 and low of Rs 189.65 during the session.
The stock quoted a 52-week high price of Rs 210.8 and a low of Rs 116.15. The return on equity for the stock stood at 14.18 per cent.
About 125,936 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 62.07 per cent in the past one year in comparison with a 13.04 per cent gain in Sensex.Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 116.15 on August 08, while the 50-DMA was at Rs 194.41. 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-Jun-2023. Mutual funds and foreign institutional investors held 9.82 per cent and 12.29 per cent stake.
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