BSE Code: | NSE Code: | ISIN: | Sector:

NSE
137.90
Change Change %
3.00 2.22%

Updated:23 Oct, 2017, 15:59 PM IST

BSE
137.85
Change Change %
2.80 2.07%

Updated:23 Oct, 2017, 15:54 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
N/A
04-09-2017 Buy 136.00 159.00
N/A
Open Long (1Y)
04-09-2018

Reliance Securities maintains buy on Bank of Baroda

Analysis of stressed assets clearly suggests that the Bank is approaching the end of recognition of stressed loan cycle. This along with higher Provision Coverage Ratio (PCR) clearly indicates sharp moderation in credit cost from FY19 onwards. The Bank's new management is gradually reinstating confidence through major changes in operating structure, which may start yielding desired outcome. We continue to believe that improved outlook on asset quality and operating performance front augurs well for the Bank, going forward.

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