India's Bank of Baroda rises on Q2 business update

Bank of Baroda

04/10/2024 08:40

** Shares of Bank of Baroda Ltd  BOB.NS  rise as much as
4.3% to 255.70 rupees
    ** The Indian lender says global advances grew by 11.60% YoY
to 11.43 trln rupees ($136.2 bln), as of Sept 30, and global
deposits up by 9.11% YoY 
    ** Stock on track to gain for second week, if trend holds
    ** More than 27 mln shares traded, busiest day yet since Aug
5
    ** Mean rating of 29 analysts rating the stock is "buy";
their median PT is 290.50 rupees - LSEG data
    ** BOB stock up 3.5%, adding to YTD gains of ~9.9% so far,
vs a ~7.2% gain in Nifty bank index  .NSEBANK  

   ($1 = 83.9340 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))