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     Prices as on Feb 23, 2018     
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  United Spirits 3237.5 [ 2.48% ]
  Wipro Ltd 294.15 [ 0.60% ]

News Details

Bank of Baroda gains over 18 pct on bourses

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15/02/2016 11:08
Shares of Bank of Baroda rose over 18 per cent on Bombay Stock Exchange (BSE) after the bank has recognized all assets arising out of the Reserve Bank of India’s (RBI) asset quality review (AQR) in the December 2015 quarter (Q3FY16) itself, unlike most public sector banks who have spread it over Q3 and Q4. The management view that no further issuance of equity capital is required in the foreseeable future and has also advised the Government of India that no further support by way of infusion of equity capital is required. Following the development, shares of the bank gained 18.36 per cent to Rs 135.35 a piece on Bombay Stock Exchange.

Shares of the bank surged 19 per cent to Rs 135.30 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 23,460.96, up 474.84 points, or 2.07 per cent at 11.00 hours.