Rs 1.44 Lakh Crore Mega Suit: B.R. Shetty Drags Bank Of Baroda To Court

Bank of Baroda reported Rs 1.44 Lakh Crore, with movement of 18% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +1.1% on the day at ₹238.43, and has returned -5.8% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.8% over the same period, so Bank of Baroda is running 1.0 points behind its peers.

For Bank of Baroda, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.