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Bank of Baroda shares rose as much as 7 per cent in early trade. The stock touched its highest level since October 5.
At about 10.50 am, the stock was up 6.85 per cent at Rs 171.50 on the NSE.
The bank has reported a four-fold rise in September quarter profit. The key positive in BOB's Q2 result was slippage coming down to Rs 2,860 crore,” Nomura analysts wrote in a note, adding that Q2 asset quality performance of the bank and many other PSUs reinforces their view of better stress recognition.
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