Bank of Baroda (BoB), one of the leading
public sector lenders, dropped on Monday after reporting
disappointing set of numbers for the third quarter of fiscal
2013.
The bank announced a fall of 21.6% in net profit on year-on-year basis to Rs 10.12 billion for the quarter ended Dec. 31, 2012. Analysts on an average had expected profit to come at Rs 12.39 billion.
The bankhas madeprovision of Rs 10.29 billion, which was 24.96% higher than the same period last year.
Total income of the bank increased by 9.80% to Rs 96.86 billion
for the quarter ended Dec. 31, 2012 as compared to Rs 88.21 billion
in the same period last year. 
Shares ofthebankare trading at Rs
809.50, down Rs 57.65, or 6.65% at the Bombay Stock Exchange (BSE)
on Monday at 12:18 p.m.The scrip has touched an intra-day high of
Rs 875.50 and low of Rs 806.25. The total volume of shares traded
at the BSE is 505,340.In the earlier session, the shares lost
0.03%, or Rs 0.25, at Rs 867.15. Currently, the stock is trading
down 10.02% from its 52-week high of Rs 899.65 and above 33.53%
over the 52-week low of Rs 606.25.
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