ICICI Direct's research report on Bank of Baroda
Bank of Baroda is among leading PSU banks with a global loan book of ~| 9.2 lakh crore and has better operating metrics among PSBs. Pan-India presence with over 8178 branches • 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 FY25E ABV and revise our target price to Rs 200/share from Rs 220/share earlier.
For all recommendations report, click here
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