KR Choksey has recommended accumulate rating on Bank of Baroda with a target price of Rs 205 in its research report dated February 13, 2017.
KR Choksey's research report on Bank of Baroda
While the total slippages stood elevated on Q-o-Q basis, total reductions stood positive, largely due to the write offs; total gross NPA stood stable on Q-o-Q basis. While the clean-up exercise will have its fall-on effects depressing return ratios for FY17. While asset quality remains under pressure, we reiterate ACCUMULATE stance and maintain long term positive bias.
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