Sharekhan recommended is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 140 in its research report dated January 03, 2019.
Sharekhan's research report on Bank of Baroda
Bank of Baroda (BOB), Dena Bank (DNBK) and Vijaya Bank (VJBK) have got cabinet clearance for the merger. DNBK shareholders would get 110 shares of BOB for 1,000 shares held in the bank, while VJBK shareholders would get 402 shares of BOB for every 1,000 shares held in the bank. There are a few challenges in the offing as well, which would manifest once the merger is complete.
Outlook
We maintain our Buy rating on the stock with a revised PT of Rs.140.
For all recommendations report, click here
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