Morgan Stanley has reiterated its Equal-Weight call on Bank of Baroda with a target price of ₹265 per share, indicating a potential upside of 8% from the current price of ₹244.49. The bank’s Q2 performance showed positive momentum in both domestic and overseas operations.
Domestic loans grew by 6.5% quarter-on-quarter (QoQ), primarily driven by non-retail loans, while the domestic retail segment also maintained healthy growth. Overseas loans saw a recovery with a 7.5% increase after a decline of 1.3% in the previous quarter. Domestic deposits grew by 4.1% during the period.
Morgan Stanley highlighted these growth figures as key positive indicators for the bank’s overall performance going forward.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
