Bank of Baroda surged to its highest level after government announced reforms
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BoB, 58 percent controlled by the government, will now be headed by P S Jayakumar, formerly working for VBHC Value Homes. The bank will now have a non-Executive Chairman as well, the post being given to
The developments enthused traders and investors alike.
As a consequence Bank of Baroda surged 20.65 rupees, or 11.1 percent, to 205.95 rupees on the NSE where it was the top traded counter with 408 crore rupees worth of shares changing hands.
Bank of Baroda also lead the gainers list on the F&O space with Open Interest rising 7.1 percent in early deals on the NSE. A build up of long positions was seen on the counter.
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(Image credits: Indiatimes)
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