ICICI Direct's research report on Bank of Baroda
Bank of Baroda is among leading PSU banks with a global loan book of ~Rs 8.7 lakh crore and has better operating metrics among PSBs. Pan-India presence with over 8161 branches and 11461 ATMs • The bank has a meaningful presence in international operations with its JVs and subsidiaries. Also, ~18% of total business comes from overseas.
Outlook
We retain our BUY rating on the stock. We value the bank at ~0.9x FY24E ABV and revise our target price to Rs 170/share from Rs 160/share earlier.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
