Morgan Stanley has reiterated its ‘Underweight’ rating on Bank of Baroda (BoB), setting a target price of ₹215, indicating a 6% upside from the current market price of ₹202.70 (as of March 11). The brokerage remains cautious about growth prospects, highlighting moderate deposit and loan growth expectations.
BoB has provided deposit growth guidance of 9%-11% and loan growth of 11%-13%, which, while steady, does not indicate significant acceleration. Morgan Stanley also expects stable net interest margins (NIMs) at 3.0%-3.1%, suggesting limited expansion in profitability metrics.
While growth remains steady, analysts are watching competitive pressures in the banking sector and the broader interest rate environment to gauge BoB’s future performance.
Disclaimer: The above stock recommendations are based on brokerage reports and do not constitute financial advice. Investors are advised to conduct their own research before making investment decisions.
