Stocks

BANK OF BARODA stocks: Buy Bank of Baroda, target price Rs 154: IIFL

IIFL has buy call on Bank of Baroda with a target price of Rs 154. The current market price of is Rs 148.4. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 76717.16 Crore).

Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 21576.76 Crore, down -3.98 % from last quarter Total Income of Rs 22470.46 Crore and up 1.04 % from last year same quarter Total Income of Rs 21355.53 Crore. The bank reported net profit after tax of Rs 1939.56 Crore in latest quarter.

Investment Rationale
The stock has given a Rounding bottom breakout.


Promoter/FII Holdings
Promoters held 63.97 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.23 per cent, DIIs 16.85 per cent.

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