Unstoppable movement: This multibagger banking stock hits back-to-back 52-week high; Do you own it?

The President of India owns 63.97 percent of this banking company.

On Friday, Bank of Baroda zoomed 1.70 per cent, the stock reached a fresh 52-week high of Rs 210.45 per share on the BSE. The scrip witnessed massive spurt in volume.

Personal banking, corporate banking, international banking, small and medium business (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services are all offered by Bank of Baroda.  

The following are the highlights of Q4FY23:     

• Total revenue in Q4FY23 was Rs 27,077 crore, representing a 41.78 per cent increase year on year over Q4FY22.     
• The net profit of Rs 5,315 crore for Q4FY23 is up 158.88 per cent year on year compared to Q4FY22.     
  The following are the significant highlights for FY23:     
• Total sales of Rs 94,139 crore increased by 28.28 per cent year on year in FY22.     
• PAT remains at Rs 15,005 crore, up 89.14 per cent.
  
    
  Over the last five years, the company has generated good profit growth at a CAGR of 57.6 per cent. The President of India owns 63.97 percent of this banking company.

The stock has witnessed significant buying activity as it has surged more than 311 per cent in last 3 years. Investors should keep a close eye on this multibagger large-cap banking stock.