Buy Bank of Baroda, target price Rs 234: Yes Securities

economictimes.indiatimes.com:

Bank of Baroda with a target price of Rs 234. The current market price of Bank of Baroda is Rs 205.35.

Yes Securities recommended to keep stop loss at Rs 195. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 106504.20 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-2023.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 32528.06 Crore, up 7.17 % from last quarter Total Income of Rs 30352.67 Crore and up 44.76 % from last year same quarter Total Income of Rs 22470.46 Crore. The bank has reported net profit after tax of Rs 5255.17 Crore in latest quarter.Investment RationaleBullish follow-through is seen post anchor column as it continues to O/P PSU bank space.Promoter/FII Holdings Promoters held 63.97 per cent stake in the company as of 31-Mar-2023, while FIIs owned 10.93 per cent, DIIs 16.62 per cent.