Hero MotoCorp Ltd Stock Price Tips Rocking 2440 To 2518 Boom Boom – Neal Bhai Reports
✅ Watch 2440 To High 2518 ✅
Earnings Reaction: Bank of Baroda
The state-run lender reported a net profit of Rs 506 crore for the quarter ending March, aided by a tax write-back of Rs 2,230 crore.
The bank’s Net Interest Income grew 40% as compared to the previous year while asset quality improved sequentially.
Gross NPA for the bank stood at 9.4% from 10.43% while net NPA declined to 3.13% from 4.05% in the previous quarter.
The bank’s management expects the loan moratorium portfolio to come down to 35% by August. The portfolio currently stands at 65%.
Shares gained as much as 8.9% to Rs 55. The stock trades at a three-month high and is up for the sixth day in a row. This is the stock’s longest winning streak since November 2019.
