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Manas Jaiswal of manasjaiswal.com has a buy call on Bank of Baroda with a target price of Rs 121.
The current market price of Bank of Baroda is Rs 115.15 Time period given by analyst is Intra Day when Bank of Baroda price can reach defined target.
Manas Jaiswal recommended to keep stoploss at Rs 112.
Bank of Baroda, incorporated in 1911, has a market cap of Rs 29682.69 crore.
Bank of Baroda key Products/Revenue Segments include Interest Discount on Advances Bills which contributed Rs 29069.82 Crore to Sales Value (66.59 % of Total Sales), Income From Investment which contributed Rs 10420.16 Crore to Sales Value (23.87 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2414.79 Crore to Sales Value (5.53 % of Total Sales) and Interest which contributed Rs 1743.77 Crore to Sales Value (3.99 % of Total Sales)for the year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 53184.28 Crore (11.01 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 19130.50 Crore (4.26% of total assets).
For the quarter ended 31-12-2018, the company has reported a Standalone Interest Income of Rs 9000.44 Crore, up 9.52 % from last quarter Interest Income of Rs 8218.01 Crore and up 19.49 % from last year same quarter Interest Income of Rs 7532.68 Crore.
The bank has reported net profit after tax of Rs 471.25 Crore in latest quarter.
