Home Finance Bank of Baroda Share Price: Buy Bank of Baroda, Target Price Rs...

Bank of Baroda Share Price: Buy Bank of Baroda, Target Price Rs 107: LKP Securities

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LKP Securities has placed a Buy Call with a target price of Rs.107. Bank Of Baroda Ltd. . The current market price of BANK is Rs 82.55. Time period given by analyst is one year when BANK OF BARODA price can reach defined target.

Bank Of Baroda, incorporated in the year 1911, is a Banking company (having a market cap of Rs 42560.31 Crore).

financial situation
For the quarter ended 31-03-2021, the company reported a consolidated total income of Rs 23762.09 crore, up 7.66% from the previous quarter total income of Rs 22070.52 crore and 5.6% over the corresponding quarter of last year. Total income of Rs 22589.84 crore, up 19%. The bank reported a net profit after tax of Rs-740.79 crore in the latest quarter.


Investment argument
The brokerage expects BOB to post an ROA of 0.6%/8.7% by FY23E, on account of stable balance sheet growth with high PCR and stable asset quality. It values ​​the Standalone Bank at a PBV of 0.8xFY23E Adj. BVPS of Rs 134 to reach price target of Rs 107.

Promoter/FII Holdings
In the fourth quarter ended March 31, 2021, promoters held 63.97 per cent stake in the company, while FII held 6.89 per cent, DII 15.52 per cent and public and others 13.62 per cent.

(The views and recommendations in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the mentioned stock.)

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