Buy Bank of Baroda, target price Rs 120: ICICI Direct

ICICI Direct has buy call on Bank of Baroda with a target price of Rs 120. The current market price of Bank of Baroda is Rs 79.9.

Time period given by analyst is one year 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 41293.33 Crore).


Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 21998.76 Crore, up 3.01 % from last quarter Total Income of Rs 21355.53 Crore and up .66 % from last year same quarter Total Income of Rs 21853.79 Crore. The bank reported net profit after tax of Rs 2202.71 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.97 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.82 per cent, DIIs 14.71 per cent.