Bank of Baroda share slips 5% despite Rs 828.95 crore profit in last fiscal
Bank of Baroda share fell over 5% today even as the lender turned profitable in last fiscal. The bank reported a 52 percent rise in net profit at Rs 828.95 crore for fiscal ended March 2021 against Rs 546.18 crore in the preceding fiscal. During the fiscal year, standalone income fell to Rs 82,859.50 crore from Rs 86,300.98 crore in 2019-20.
However, the lender reported a standalone net loss of Rs 1,046.50 crore in Q4 against net profit of Rs 506.59 crore in the year-ago quarter. The stock has…
