New Delhi: Even as key domestic indices on Monday continued to remain under pressure from private bank stocks, Adani Enterprises, and Adani Ports, the stock of Bank of Baroda jumped 3.6 per cent Rs 194.90 on the NSE in the intra-day trade session.
The market capitalisation of the Bank of Baroda (BoB) regained the Rs 1 trillion mark after its shares rallied amid heavy volumes. After today’s rally, BoB became the second-most valued PSU Bank stock after the State Bank of India (SBI).
Currently, SBI’s shares have a market capitalisation of Rs 5.07 lakh crore.
According to the Nifty PSU Bank index, SBI was the top most-valued public sector bank at Rs 70,202.51 lakhs, followed by Bank of Baroda at Rs 51,330.58 lakhs.
In the past two trading sessions, the stock of the state-owned lender has rallied 6 per cent, and is currently near its 52-week high of Rs 197.20, which BoB touched on December 9, 2022.
At the time of writing, BoB’s shares were trading 2.13 per cent higher on NSE at Rs 192.10. Meanwhile, NSE benchmark Nifty50 was trading 93.95 points, or 0.50 per cent lower at 18,732.05, and S&P BSE’s Sensex was down 282.39 points, or 0.45 per cent to 63,102.19.
Agencies