Shares of Bank of Baroda rise as Nifty gains

Shares of Bank of Baroda gained 0.42 per cent to Rs 180.2 in Monday's trade as of 11:07AM (IST). It hit a high of Rs 182.0 and low of Rs 180.15 during the session.

The stock quoted a 52-week high price of Rs 197.2 and a low of Rs 89.9. The return on equity for the stock stood at 8.54 per cent. About 223,869 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 94.6 per cent in the past one year in comparison with a 0.37 per cent fall in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 89.9 on January 23, while the 50-DMA was at Rs 177.84. 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 0.0 per cent stake in Bank of Baroda as of 31-Dec-2022. Mutual funds and foreign institutional investors held 11.55 per cent and 8.93 per cent stake.