Bank of Baroda shares fell -0.4%, Nifty upgrade 0.15%

Bank of Baroda share price today: 19 September 16:00 hrs, Bank of Baroda shares are trading at ₹ 236.8, down -0.4% from its previous close. Sensex is trading at ₹ 83184.8, up 0.29%. The stock touched a high of ₹ 241.65 and a low of ₹ 231.05 during the day.
On the technical front, the stock is trading below short term simple moving averages of 5, 10, 20 day as well as long term moving averages of 50, 100 and 300 day.
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹241.67, ₹246.93, and ₹252.27, while key supports are at ₹231.07, ₹225.73, and ₹220.47.
As of 4 pm today, the volume traded on NSE and BSE for Bank of Baroda was 15.51% higher than the previous trading session. Along with price, volume traded is an important indicator to study trends. Positive price movement with higher volume indicates a sustainable uptrend, and negative price movement with higher volume may indicate further decline in prices.
Overall, as per Mint technical analysis, the stock is currently experiencing a massive downtrend.
From a fundamental analysis perspective, the company’s ROE is 16.70%. The stock’s current P/E is 6.46 and P/B is 0.96.
The company has 63.97% promoter holding, 5.84% MF holding and 11.45% FII holding, as per documents filed in the June quarter.
MF share declined from 6.13% in the March quarter to 5.84% in the June quarter.
FIIs’ share declined from 12.40% in March to 11.45% in the June quarter.
Bank of Baroda share price fell -0.4% to ₹ 236.8 today, while its peers were mixed. Its peers like Punjab National Bank are declining today, but its peers Axis Bank, Kotak Mahindra Bank, IndusInd Bank are up. Overall, benchmark indices Nifty and Sensex have gained 0.15% and 0.29% respectively.

By Priyanka Roy