Bank of Baroda share price rises 7%, strong FY22 Quarter 3 results | Bank of Baroda Q3 result

Bank of Baroda share price rises 7%
Share price (Image: Canva)

Today Bank of Baroda share price was trading up 7.55%. This is because the bank posted good numbers in its FY22 Q3 results.

Bank of Baroda’s net profit increased by 107% on a year-on-year basis. The net interest income of the company also increased by 14.38% on a year-on-year basis.

The most important metric for banks is their asset quality and Bank of Baroda showed improvement in its asset quality in quarter 3.

The company’s Provisions and Contingencies have come down by 27.33% which is a very positive sign for Bank of Baroda.

In this quarter, the company’s net NPA was recorded at 2.25, which was 2.83% in the previous quarter. The company’s gross NPA also declined by 86 basis points on a quarter-on-quarter basis and by 123 basis points on a year-on-year basis.

The stock price of Bank of Baroda witnessed a sharp rise today due to Improved Asset Quality and Strong Revenue Numbers.

Bank of Baroda share: Financials

52 Week High117.20
52 Week Low61.75
Sector PE22.34
Face Value2
Mkt Cap (Rs. Cr.)58,410
Book Value Per Share160.16

Read Also: Zuckerberg’s net worth drops to $85 billion after Meta stock crash

Read Also: Vedant Fashions IPO GMP, Issue Date, Financials, Price, Lot Size & Details

Net Profit 2021 (Rs. Cr.)1,454
Revenue 2021 (Rs. Cr.)74,313
Dividend/Share (INR)0.00
Promoters holding63.97%

Read Also: Godrej Properties Shares fall 10%, board to acquire 10% stake in DB Realty for Rs 400 cr

Read Also: ITC declared interim dividend of Rs 5.25, Q3 results Net profit rises 14.8% to Rs 4,118.80 cr

This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

Read Also: Nifty Metal rise: Capital expenditure increased by 35% to Rs 7.5 lakh crore in Budget 2022

Read Also: Budget 2022: 30% tax on digital currency, RBI to launch Digital Rupee based on blockchain technology

Read Also: Telecom stocks rise: 5G in 2022 and BharatNet broadband to be ready by 2025 says Nirmala Sitharaman | Budget 2022