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Buy Bank of Baroda on dips, advises Nooresh Mirani

Nooresh Mirani of AMSEC recommends buying Bank of Baroda on dips as the stock may touch Rs 700 in the short term.

December 05, 2013 / 15:46 IST
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Nooresh Mirani of AMSEC told CNBC-TV18, "We like is Bank of Baroda (BoB). It has not performed for a long time. In the recent times it has given a breakout above Rs 640 zone. It has moved up a bit today but any dips to Rs 640-650 would be an entry point looking towards Rs 700 in the short-term."

The company's trailing 12-month (TTM) EPS was at Rs 127.27 per share. The stock's price-to-earnings (P/E) ratio was 5.25. The latest book value of the company is Rs 756.64 per share. At current value, the price-to-book value of the company was 0.88. The dividend yield of the company was 3.22 percent. The stock's price-to-earnings (P/E) ratio stands at 5.27 on (NSE) Disclosure: He does not have personal position in the stock recommended.
first published: Dec 5, 2013 03:46 pm

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