Brics PCG recommends 'Buy' on Bank of Baroda at Rs 220 with a target price of Rs 270.
The bank has posted better results than expected. However growth in operating performance was not reflected in the growth in the net profit due to higher provisioning requirements.
Going forward, the bank's profitability is expected to improve due to strong asset growth, de-risked investment portfolio, and higher proportion of CASA deposits
Brics PCG: 'Buy' Bank of Baroda
Our Markets Bureau / Mumbai Aug 02, 2006, 10:09 IST
The price movement is very often below the recent issue price of Rs.230. So we can wait for buying this scrip below 200/-as there are many factors operating agaist upward movement.
v.Krishnamoorthy
Content Guide
