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After Bank of Baroda's (BoB) merger with Dena Bank and Vijaya Bank, its shares have become a hot pick for the investors. Post the merger, the banks have a network of close to 9500 branches and approximately 13000 ATMs across India. Bank of Baroda share price rose 6.21% to 129.10 compared to the previous close of 121.55 on BSE. The merger of Dena Bank and Vijaya Bank with BoB would be effective from April 1. Shares of Dena Bank shut shop at Rs 15.95, down 0.62 per cent, while Bank of Baroda and Vijaya Bank rose 0.41 per cent and 0.93 per cent, respectively. Overall, Indian state-run banks had reported mixed numbers in the first quarter of the ongoing financial year. Bank of Baroda saw its profit more than doubling to Rs 528.26 crore in June quarter.

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