Bank of Baroda shares post biggest gain in 8 months; what Citi, HSBC, UBS say after Q2
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bank of Baroda shares rose 5.15 per cent to Rs 250.89 on November 2 after the lender reported strong Q2 results.
- ✓Net profit jumped to Rs 6,532 crore, beating estimates.
- ✓Many brokerages like Citi and HSBC kept positive ratings as the bank showed improved asset quality and higher interest income.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Shares of Bank of Baroda Ltd rose as much as 5.15 per cent to hit an intraday high of Rs 250.89 on the NSE on Monday, November 2, after the state-owned lender reported better-than-expected results for the September quarter of FY27.
The bank's net profit and net interest income (NII) exceeded Zee Business estimates. Its asset quality also improved during the quarter.
At the time of reporting, Bank of Baroda shares were trading at Rs 244.93, up 2.65 per cent from the previous close of Rs 238.60.
The bank reported a 35.8 per cent year-on-year (YoY) increase in net profit to Rs 6,532 crore in Q2 FY27, compared with Rs 4,810 crore in the corresponding quarter last year. The figure was higher than the Zee Business estimate of Rs 5,290 crore.
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