AgenciesPrabhudas Lilladher has buy call on Bank of Baroda with a target price of Rs 220. The current market price of is Rs 180.75.
Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 93110.38 Crore).
Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 26320.49 Crore, up 21.99 % from last quarter Total Income of Rs 21576.76 Crore and up 19.65 % from last year same quarter Total Income of Rs 21998.76 Crore. The bank has reported net profit after tax of Rs 3400.47 Crore in latest quarter.
Investment Rationale
The brokerage has recently raised FY23Eearnings by 8% for BoB, however, with asset quality risks abating and steady credit growth outlook, there is likelihood of further earnings upgrade.
Promoter/FII Holdings
Promoters held 63.97 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.23 per cent, DIIs 18.5 per cent.
Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 93110.38 Crore).
Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 26320.49 Crore, up 21.99 % from last quarter Total Income of Rs 21576.76 Crore and up 19.65 % from last year same quarter Total Income of Rs 21998.76 Crore. The bank has reported net profit after tax of Rs 3400.47 Crore in latest quarter.
Investment Rationale
The brokerage has recently raised FY23Eearnings by 8% for BoB, however, with asset quality risks abating and steady credit growth outlook, there is likelihood of further earnings upgrade.
Promoter/FII Holdings
Promoters held 63.97 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.23 per cent, DIIs 18.5 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.