ICICI Direct's research report on Bank of Baroda
Bank of Baroda is among leading PSU banks with a global loan book of ~Rs 7.3 lakh crore and has better operating metrics among PSBs.Pan-India presence with over 8100 branches The bank has a meaningful presence in international operations with its JVs and subsidiaries. Also, ~12% of total business comes from overseas
Outlook
We retain our BUY rating on the stock. We value the bank at ~0.85x FY23E ABV and maintain our target price of Rs 120 per share.
For all recommendations report, click here
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