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Bank of Baroda is currently trading at Rs. 152.45, up by 1.90 points or 1.26% from its previous closing of Rs. 150.55 on the BSE.The scrip opened at Rs. 152.00 and has touched a high and low of Rs. 153.05 and Rs. 150.90 respectively. So far 179955 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.25 on 18-Aug-2015 and a 52 week low of Rs. 109.45 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 159.30 and Rs. 146.90 respectively. The current market cap of the company is Rs. 35115.39 crore.
The promoters holding in the company stood at 59.24% while Institutions and Non-Institutions held 33.80% and 6.96% respectively.
In order to offer health insurance products, Bank of Baroda, one of Indias leading public-sector banks, has reportedly entered into partnership with two health insurance companies Max Bupa Health Insurance and Star Health & Allied Insurance. This arrangement comes on the back of IRDAI's new bancassurance guidelines which permit banks to tie up with multiple insurers to distribute insurance products to bolster penetration of health insurance in the country. The bank has always endeavoured to provide bouquet of financial product to all its customers under one roof to serve its six crore plus customer base. With this tie-up, the bank will provide customized health insurance product after assessing the need of the customer.
The bank has reported a net loss of Rs 3342.04 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 333.98 crore for the same quarter in the previous year. The bank’s total income has decreased by 0.69% to Rs 11726.95 crore for the quarter under review from Rs 11808.34 crore for the corresponding quarter of the previous year.
