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Bank Of Baroda Jumps Over 11% To Record High After All-Round Q2 Beat
Bank Of Baroda Jumps Over 11% To Record High After All-Round Q2 Beat
The stock witnessed high trading volume, over 18.5 times the 30-day average for the time of the day.
Shares of Bank of Baroda Ltd. jumped over 11% to hit a record high on Monday after the lender posted a 58% year-on-year rise in net profit, beating estimates.The Vadodara, Gujarat-based lender posted a net profit of Rs 3,313 crore, up 58.7% year-on-year. That compares with the analysts consensus estimate of Rs 2,403 crore compiled by Bloomberg.Key Highlights (Consolidated, YoY)Interest income up 27.3% at Rs 21,254.2 crore. (Bloomberg estimate: Rs 19,056 crore)Net interest margin at 3.33% vs 2.85% Gross NPA at 5.31% vs 6.26% (QoQ)Continue Reading. Read more on Business News by BloombergQuint.