Shares of Bank of Baroda declined nearly 4% to ₹232.90 on Monday following the release of its provisional business updates for Q3 FY25 on Friday. Despite reporting year-on-year growth in key metrics, the market reacted negatively to the update.
Key Highlights from Q3 FY25 Business Update:
- Global Business: Grew 11.74% YoY to ₹25.64 lakh crore as of December 31, 2024.
- Global Advances: Increased 11.65% YoY to ₹11.72 lakh crore from ₹10.49 lakh crore.
- Global Deposits: Climbed 11.82% YoY to ₹13.92 lakh crore compared to ₹12.45 lakh crore in Q3 FY24.
- Domestic Advances: Rose 11.76% YoY to ₹9.63 lakh crore against ₹8.62 lakh crore in the December 2023 quarter.
- Domestic Deposits: Increased 9.23% YoY to ₹11.65 lakh crore from ₹10.67 lakh crore.
Market Reaction:
The decline in the stock price indicates investor concerns despite the steady growth reported in the bank’s advances and deposits. The muted response may reflect cautious sentiment toward the banking sector’s outlook amidst broader market dynamics.
