Bank of Baroda profit decreased 48%, Option Tips

option tipsBank of Baroda profit has decreased 48.3% to Rs 58 crore in fourth quarter of fiscal year 2015. In 2014 Q4 the profit was Rs 1157 crore.

Bank’s income from interest increased 1.5% to Rs 3171 crore, in Q4 of 2014 the income was Rs 3124 crore.

Net NPA of Bank is 1.89%. On QOQ basis the net NPA of Bank decreased from Rs 8291 crore to Rs 8069 crore.

Bank’s Gross NPA is 3.72%. On QOQ basis the Gross NPA decreased from Rs 16261 crore to Rs 15453 crore.

Bank of Baroda shares traded at 163.15 up 12.04%.

Option Recommendation

Bank of Baroda (Stock Option Call strike price Rs 160) Buy above 9.35 Target 13.05 stop loss 3.85.