Morgan Stanley (MS) has retained its Underweight rating on Bank of Baroda with a target price of ₹235, implying a downside of about 3.4% from the current market price of ₹243.30.
While the bank’s Q1FY26 profit after tax was largely in line with estimates, the brokerage noted that net interest income (NII) was a key positive, coming in 4% above Morgan Stanley’s expectations.
Net interest margins (NIMs) dipped 4 basis points sequentially but were better than most peers. On the asset quality front, MSME loans remained stable, though the bank saw one account slip in its overseas book.
Disclaimer: This article is based on Morgan Stanley’s brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.