Buy Bank of Baroda, target price Rs 46: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Bank of Baroda with a target price of Rs 46.0 . The current price of Bank of Baroda is Rs 41.05 Time period given by the analyst is Intra Day when Bank of Baroda price can reach defined target. . Sagar Doshi recommended to keep a stoploss at Rs 39 .

Bank of Baroda, incorporated in the year 1911, has a market cap of Rs 18967.43 crore.

Investment Rationale


Positive divergence on daily chart with short term chart falling, trendinf breakout with volume.


Promoter/FII Holdings

Promoters held 71.60 per cent stake in the company as of March 31, 2020, while FIIs held 4.57 per cent, DIIs 13.95 per cent and public and other 9.88 per cent.