Bank of Baroda shares on Monday ended over 8 per cent lower, wiping-out Rs2,936.85 crore from its market valuation, after the company reported a whopping net loss of Rs 3,230-crore for the three months to March.
After plunging 9.77 per cent to Rs139.80 in intra-day trade, shares of the company finally ended at Rs142.20, down 8.23 per cent on BSE. At NSE, it tanked 8.25 per cent to close at Rs142.30. led by the decline in the stock, the company's market valuation fell by Rs2,936.85 crore to Rs 32,765.15 crore. On the volume front, 41.12 lakh shares of the company changed hands at BSE and over 3 crore shares were traded at NSE during the day. It had announced its results post market hours on Friday. The bank had reported a net profit of Rs598.35 crore for the quarter ended March 31, 2015.