Nomura has reiterated its Buy rating on Bank of Baroda, increasing the target price to ₹290 from ₹280, suggesting a potential upside of approximately 21.3% from the current market price of ₹239.00.
Key Highlights from Nomura’s Report
- Strong Return on Assets (RoA): Bank of Baroda has demonstrated healthy RoA performance, maintaining steady asset quality.
- Robust Loan Growth: The bank has shown solid loan growth, though there is some softness in core fee income.
- Stable Asset Quality in Challenging Conditions: Nomura highlights the bank’s steady asset quality despite a challenging economic environment, which adds to its appeal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
