Bank of Baroda is currently trading at Rs. 47.55, up by 0.75 points or 1.60% from its previous closing of Rs. 46.80 on the BSE.
The scrip opened at Rs. 47.10 and has touched a high and low of Rs. 47.75 and Rs. 46.90 respectively. So far 214376 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.95 on 30-Jul-2019 and a 52 week low of Rs. 36.05 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 49.65 and Rs. 46.00 respectively. The current market cap of the company is Rs. 21970.79 crore.
The promoters holding in the company stood at 71.60% while Institutions and Non-Institutions held 16.75% and 11.66% respectively.
Bank of Baroda has raised Rs 981 crore through bonds and allotted 8.50% unsecured rated listed subordinated non-convertible fully paid up Basel III additional tier-1 perpetual bonds. Perpetual bonds carry no maturity date and hence are often treated as equity, not debt.
To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stress on asset quality and consequential impact on performance and profitability of banks.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.