Buy Bank of Baroda, target Rs 190.0 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has Buy call on Bank of Baroda with a target price of Rs 190.0. The current market price of Bank of Baroda is 166.6. Time period given by analyst is Long Term, when Bank of Baroda price can reach defined target. CapitalVia Global Research Ltd recommended to keep stop loss at Rs 160.0. Overall, the stock is in an uptrend on its daily chart and is trading above its both short as well as medium term moving averages of 10 and 50-days period, indicating a positive trend. After a strong rally, the stock has now entered into a short-term consolidation. “We may expect it to gain upside momentum if it manages to move above the resistance at Rs 172.50 level,” said CapitalVia Global Research.