BANK OF BARODA STOCK PRICE CHANGE
Nifty Bank hits record highs but pares gains to close flat above 53,000
The bank index saw a modest gain of 14 points, closing at 53,103, after hitting an intraday record high of 53,357. The Nifty50 also rose by 16 points, closing at 24,302. There was notable buying interest in Bank of Baroda, Kotak Bank, AU Small Finance Bank, and ICICI Bank. Conversely, selling pressure was observed in SBI, IndusInd Bank, Bandhan Bank, and HDFC Bank.
Bank of Baroda shares rise 0.56% as Sensex climbs
A total of 425,545 shares changed hands on the counter till 11:27AM (IST)
Nifty Bank sees profit taking at higher levels; support seen around 51,700-52,000: Experts
The index fell over 400 points to close at 52,168. The index continues to linger in a sell-on-rise mode with the next immediate support at the 52,000-51,800 zone. Failing to stay put within this support can increase Nifty Bank’s selling pressure towards the 51,400-51,300 level.
Bank of Baroda declines 2.18% as Sensex slides
The stock traded at a P/E multiple of 7.3, while the price-to-book value ratio stood at 1.14.
TRADERS’ CORNER: Auto ancillary focussed on EV trying to jump 5% and mid cap software stocks for 7% rise
The markets had a trending start to the fresh week; after a muted start, the Nifty went on to close near its high point of the day. Following a flat start, the Nifty 50 index formed the low point of the day in the early minutes of the session. After that, the Index kept inching higher throughout the session. Although the markets did come off slightly from their high point, they were able to protect the bulk of their gains. The headline index closed with a net gain of 131.35 points (0.55%)
Bank of Baroda shares gain 2.73% as Sensex rises
On the technical charts, the RSI of the stock stood at 53.06.
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Fairfax Group to sell a 9.72% stake in CSB Bank via block deal
FIH Mauritius Investments is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about Rs 595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of Rs 352.4 per share.
Nifty Bank hits fresh record high; next target seen at 53000: Experts
The Nifty Bank surpassed its crucial resistance levels to hit a fresh record high above 52,700 levels for the first time. Experts suggest that if the current banking-led momentum persists, the rally could potentially push the Nifty towards 53,000. Top gainers included SBI, HDFC Bank, ICICI Bank, and Axis Bank while selling was seen in Bank of Baroda, PNB, and Bandhan Bank.
94 stock ideas across sectors with bullish stance by ICICI Direct Research
Since 1999, in election years, Nifty has gained median 21% post-election outcome lows, till end of the year and such moves occur with 4-6% intermediate corrections which would offer buying opportunity. Nifty continues on the path of CY30 target of 50,000, according to a report by ICICI Direct Research, and the Nifty CY24 target is projected at 25,200. With this outlook, the domestic brokerage firm emphasizes its bullish stance across sectors along with their top picks. These are listed below:
Nifty Bank closes flat but above 51,700; immediate resistance seen around 52,000: Experts
HDFC Bank, Bank of Baroda, ICICI Bank, and AU Small Finance Bank led gains while selling was seen in SBI, Axis Bank, PNB, and IndusInd Bank. Bank Nifty has the highest PE OI at a 51,000 strike price, while the maximum CE OI is at 52,000, indicating this week’s expiry range to confide within 51,000 to 52,000, data showed.
Stocks to buy: Bet on stocks that regularly beat analyst estimates; 5 stocks with double-digit upside
Stocks to buy: Out of 304 companies, where estimates are compiled by a minimum of three analysts through Reuters-Refinitiv, 50 stocks have consistently surpassed analysts’ net profit estimates in all four quarters of 2023-24. This group of 50 stocks has delivered an average return of 72.4% over the past year, compared to the BSE 500 index’s 38% return over the same period. This data is based on closing values as of 18 June. The article explores the five companies that have been covered by a significant number of analysts and currently offer double-digit share price potential.
Bank of Baroda, Balrampur Chini Mills among 5 stocks with short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:
Bank of Baroda shares rise 0.34% as Sensex climbs
A total of 435,592 shares changed hands on the counter till 12:07PM (IST)
Shares of Bank of Baroda rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 236.16.
Ambuja Cements, RBL Bank among 5 stocks with short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view regarding a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:
A close above 50,000 could fuel short covering in Nifty Bank: Experts
The Nifty Bank could recover losses on Tuesday, breaching the 49,700 mark. If it succeeds to settle above 50,000, there might be chances of a short covering move in the index. AU Small Finance Bank, SBI, PNB and Federal Bank saw buying action while some selling was seen in Axis Bank, ICICI Bank, Bank of Baroda and Kotak Mahindra Bank.
Shares of Bank of Baroda as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 234.79.
Jubilant FoodWorks, Glenmark Pharma among 5 stocks with short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view regarding a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:
Bank of Baroda shares rise 4.87% as Sensex climbs
A total of 606,666 shares changed hands on the counter till 10:25AM (IST)
Bank of Baroda shares gain 2.65% as Sensex rises
A total of 1,740,502 shares changed hands on the counter till 01:43PM (IST)
Nifty Bank crashes by 5,000 points. PNB, SBI, HDFC Bank fall up to 20%
Nifty Bank fell to 46,077.85, with all 12 stocks in the index trading in the red. Heavyweights HDFC Bank and ICICI Bank were among the top laggards. State Bank of India (SBI) also contributed to the downfall in good stead.
Bank of Baroda shares drop 12.67% as Sensex falls
On the technical charts, the RSI of the stock stood at 45.81.
Canara Bank, IOC among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Modi 3.0 boost! PSU banks soar up to 12% as exit polls signal BJP-led NDA's majority
PSU bank stocks rallied on the BSE after exit polls favoured the BJP-led NDA in the upcoming Lok Sabha election, with significant gains for Bank of Baroda, Indian Overseas Bank, SBI, Canara Bank, and Indian Bank.
SBI m-cap crosses Rs 8 lakh crore mark as stock jumps 10%, hits 52-week high
SBI's market cap surpasses Rs 8 lakh crore as stock surges 10% to hit a 52-week high on exit poll optimism for Modi government's return. PSU bank stocks also soar, fueled by anticipation of government-driven growth.
Nifty Bank crosses 50,000 for first time in all-round rally
The Nifty Bank surpassed 50,000 for the first time, driven by Modi's projected third-term win. SBI, Axis Bank, and IndusInd Bank led the surge, with Bank of Baroda rising 9%. Investors added Rs 12 lakh crore as Sensex soared 2,600 points.
F&O stocks: Infosys, BHEL among 5 stocks with long buildup
Open interest refers to the total number of outstanding contracts in a particular stock or derivative contract. When a stock's price increases and the open interest also rises, it suggests a buildup of fresh long positions. This indicates that investors are buying the stock with the expectation of its price rising further.
F&O stocks: ICICI Bank, PNB among 5 stocks with long buildup
Bulls dominate stocks with fresh long positions. IndiGo, Page Industries, ICICI Bank, Indus Towers, PNB see stock price and open interest rise. Traders watch for 52-week high, bullish crossovers, moving averages, and out-of-money call options.
F&O stocks: Persistent Systems, HDFC AMC among 5 stocks with short buildup
Open interest indicates bullish dominance on counters with fresh short positions. Short selling occurs when traders expect price drops, selling stocks without owning them. Alkem, Ipca Labs, Muthoot Finance, HDFC AMC, and Persistent Systems experienced stock price declines with open interest rises.
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