Morgan Stanley has retained its ‘Underweight’ stance on Bank of Baroda, assigning a target price of ₹215 per share, suggesting a downside from the current market price of ₹237.50. The brokerage noted that both loan and deposit growth during the quarter remained broadly in line with the bank’s management guidance.
However, Morgan Stanley highlighted the need to closely monitor margin progression and commentary in the upcoming quarterly results, which will be key to assessing the bank’s profitability trajectory. Despite stable growth trends, the stock appears to be pricing in optimistic assumptions, limiting near-term upside potential from current levels.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
