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    Shares of Bank of Baroda fall as Nifty drops

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 167.3.

    Tech View
    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of Bank of Baroda slipped 0.68 per cent to Rs 190.9 in Monday's trade as of 01:58PM (IST). It hit a high of Rs 192.5 and low of Rs 188.9 during the session.

    The stock quoted a 52-week high price of Rs 198.5 and a low of Rs 94.4. The return on equity for the stock stood at 14.18 per cent. About 408,838 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.82.

    The scrip has been an outperformer, up 91.0 per cent in the past one year in comparison with a 21.83 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 94.4 on June 26, while the 50-DMA was at Rs 184.51. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 63.97 per cent stake in Bank of Baroda as of 31-Mar-2023. Mutual funds and foreign institutional investors held 10.11 per cent and 10.92 per cent stake.
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