This PSU bank stock went up 44% in a year, even though the market was down. Do you own it?
Bank of Baroda Shares: In the past year, BoB stock has returned 43.60%. On August 5, 2021, Bank of Baroda's shares was worth Rs 82.45 each. The stock of Bank of Baroda is still seen as a good buy by experts. In a year, they think it could go up to Rs 147.
The bank's net profit grew by 79.3% from the same time last year to Rs 2,168 crore in the quarter that ended in June (Q1FY23). This was due to a drop in the amount of money it had to set aside for bad loans.
During the same time last year, the Mumbai-based public sector lender made a net profit of Rs 1,209 crore (Q1FY22). The stock of the bank closed 0.81 percent lower on BSE on Friday, at Rs 116.25 per share.
Its net interest income (NII) went up by 12% from Q1FY22 to Q1FY23, from Rs 7,982 crore to Rs 8,838 crore. Its net intere...