Buy Bank of Baroda, target price Rs 280: JM Financial

economictimes.indiatimes.com:

Bank of Baroda with a target price of Rs 280. The current market price of Bank of Baroda is Rs 254.3. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 131533.60 Crore).

Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 35800.94 Crore, down -4.81 % from last quarter Total Income of Rs 37610.59 Crore and up 7.45 % from last year same quarter Total Income of Rs 33318.13 Crore. The bank reported net profit after tax of Rs 4727.81 Crore in latest quarter.


Promoter/FII Holdings Promoters held 63.97 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.45 per cent, DIIs 15.75 per cent.