Last Updated : Jun 25, 2020 02:44 PM IST | Source: Moneycontrol.com

Hold Bank of Baroda; target of Rs 56: Sharekhan

Sharekhan recommended Hold rating on Bank of Baroda with a target price of Rs 56 in its research report dated June 24, 2020.

Broker Research @moneycontrolcom

live

bselive
nselive

Volume

Todays L/H

More

Sharekhan's research report on Bank of Baroda

Bank of Baroda (BOB) posted mixed Q4FY2020 results with improved asset quality and improvement in margins, but high moratorium book is a concern. Headline asset-quality performance improved, with credit cost declining to 1.82% in Q4FY2020 (was 3.88% in Q3FY2020) and fresh slippages for the quarter lower sequentially, but still elevated. We have cut our estimates for FY2021E and FY2022E, considering the risks to asset quality and uncertainty on growth due to COVID-19 and merger impact.

Outlook

We maintain our Hold rating on the stock with a revised PT of Rs. 56.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Moneycontrol Ready Reckoner

Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

Download a copy