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Bank of Baroda declines 2.18% as Sensex slides

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.

Synopsis

The stock traded at a P/E multiple of 7.3, while the price-to-book value ratio stood at 1.14.

Shares of Bank of Baroda traded at Rs 266.25 on BSE at 12:53PM (IST) on Tuesday, down 2.18 per cent from previous close.

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The stock quoted a 52-week low price of Rs 185.75 and a high of Rs 298.45.

Earlier, the stock saw a gap up opening in the morning.


A total of 727,093 lakh shares changed hands on the counter till 12:53PM (IST).


The stock of Bank of Baroda commanded a market value of Rs 137739.23 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 7.3, while the price-to-book value ratio stood at 1.14. Return on equity (ROE) was at 15.67 per cent, according to exchange data.
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In the BSE500 pack, 210 stocks traded in the green, while 291 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.82.
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Promotor/FII Holding
Promoters held 63.97 per cent in Bank of Baroda as of 31-Mar-2024 while foreign and domestic institutional investors owned 12.4 per cent and 8.59 per cent, respectively.

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Moving averages
The 200-DMA of the stock stood at 240.93 on July 02, while the 50-DMA was at 270.33. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.


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