Bank of Baroda Share Price Hits Rs 1 Lakh Crore Market Cap

19 Jun 2023 , 01:11 PM

Bank of Baroda (BoB) shares continued to attract buying interest despite a sell-off in key benchmark indices. BoB’s share price opened on the upside and reached an intraday high of Rs 194.80 on NSE, registering a 3.50% gain during Monday morning deals.

The share price came close to its 52-week high of Rs 197.20 per share and crossed the critical milestone of Rs 1 lakh crore market capitalization.  With this achievement, BoB became the second public sector bank after the State Bank of India (SBI) to reach this mark. SBI’s market cap is currently around Rs 5.07 lakh crore.

In terms of overall market capitalization, Reliance Industries Ltd retains the top position with Rs 17.29 lakh crore. Tata Consultancy Services (TCS) is the second most valuable Indian company, followed by HDFC Bank, ICICI Bank, Hindustan Unilever Ltd, ITC, and Infosys.

As per data, Bank of Baroda shares have been performing well and have emerged as one of the multi-bagger stocks in the Indian stock market over the past year. BoB, classified under the public sector undertaking category, has contributed to the Bank Nifty reaching a new peak of 44,498.
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