Buy Bank of Baroda; target of Rs 217: Motilal Oswal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Motilal Oswal's research report on Bank of Baroda

Bank of Baroda (BoB) reported PAT of INR 1.5b (70% miss) v/s INR 2.5b in 3QFY17. The strong operating performance (+17% YoY; 36% beat) was driven by robust fee income growth (+50% YoY/QoQ) and controlled opex (flat YoY).

Outlook

We expect stress addition and credit costs to reduce in FY18/19. Additional buffers like noncore financial investments among other options will lead to dilution-free growth in the near term. We largely maintain estimates. Maintain Buy with a TP of INR 217 (1.2x FY19BV) – based on RI model.

For all recommendations, 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.

Read More