Bank of Baroda trades marginally in green on inking MoU with REC
Bank Of Baroda is currently trading at Rs. 238.05, up by 0.25 points or 0.11% from its previous closing of Rs. 237.80 on the BSE.
The scrip opened at Rs. 239.00 and has touched a high and low of Rs. 239.40 and Rs. 236.15 respectively. So far 186359 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 240.00 on 04-Jan-2024 and a 52 week low of Rs. 146.50 on 02-Feb-2023.
Last one week high and low of the scrip stood at Rs. 240.00 and Rs. 227.35 respectively. The current market cap of the company is Rs. 122561.28 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 28.39% and 7.64% respectively.
Bank of Baroda has inked a Memorandum of Understanding (MoU) with REC in order to facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country over the next three years. Recognizing the pressing need to fortify these critical domains, REC and Bank of Baroda unite with a shared vision of advancing sustainable growth and bolstering the nation's infrastructural backbone. By pooling resources and expertise, both entities endeavor to champion initiatives that will invigorate economic development and enhance accessibility to essential services nationwide.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
