ICICI Direct has buy call on
with a target price of Rs 102. The current market price of Bank of Baroda is Rs 83.95. Time period given by analyst is three months when Bank of Baroda price can reach defined target.
Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 43387.73 Crore).
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 23762.09 Crore, up 7.66 % from last quarter Total Income of Rs 22070.52 Crore and up 5.19 % from last year same quarter Total Income of Rs 22589.84 Crore. The bank reported net profit after tax of Rs -740.79 Crore in latest quarter.
The stock made a 52-week high near Rs 100 in February 2021. Since then, it has corrected towards its medium term support of Rs 64 levels. Currently, it has been largely range bound hovering around Rs 78 and Rs 86. It failed to sustain above Rs 85 despite many attempts in the past trading sessions. However, recently, the stock has taken support at lower band level of Rs 78 and is now witnessing fresh buying momentum.
Promoters held 63.97 per cent stake in the company as of the fourth quarter ending March 31, 2021, while FIIs held 6.89 per cent, DIIs 15.52 per cent and public & others 13.62 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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