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Sunday, January 23, 2022

This government bank can make you rich, the share of this bank can jump up to 60 percent

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According to CLS, the book value of the bank for the financial year 2023 is undemanding. Foreign brokerages raised the bank’s earnings estimate by 4-5 per cent and the target price has also been increased from Rs 125 to Rs 130.

Bank of Baroda Share

The country’s largest public sector bank SBI has made investors rich in one year. Now a report has also come out about Bank of Baroda in which it is believed that in the coming days, the stock of this bank can be rewarded to investors. In fact, global brokerage firm CLSA says that the stock of Bank of Baroda can see a jump of 60 percent during 6 to 12 months. CLSA has also given some reasons for this boom.

According to the CLSA report, the corporate credit cycle of the bank is changing and the bank has sufficient capital due to recent capital raising. Retail asset quality has also strengthened during the corona of the Bank of Baroda. The current valuation of Bank of Baroda is 0.55 times.

Earnings estimate also increased

According to CLS, the book value of the bank’s financial year 2023 is undemanding. Foreign brokerages raised the earnings estimates of the bank by 4-5 per cent and also raised the target price from Rs 125 to Rs 130. In Monday’s trade, the bank’s stock closed at Rs 80.70, down 3.76 per cent. Bank of Baroda’s corporate credit cycle is changing and the bank has enough capital to raise capital recently. Due to all this, the global brokerage firm has also increased the earnings estimates of the bank.

Such were the quarterly results

Talking about the quarterly results of the bank, in the March quarter, the bank had a loss of Rs 1047 crore. But the net interest income has increased by 4 per cent year-on-year to Rs 7,107 crore. Earlier in the December quarter, Bank of Baroda had a net profit of Rs 1,061 crore. At the same time, Credit Suisse has also given neutral rating to the bank. Talking about Emkay Global, this stock has got ‘buy’ rating from here too.

(disclaimerInvestment in the stock market is based on risk, so read the terms and conditions of the stock market before investing. This article is only for the information of the readers, on the basis of its information, TV9 , does not have any responsibility for the loss or profit on the money invested in the stock market.)

read this also: 7th Pay Commission: Loss of lakhs to 1 crore government employees and pensioners, figures are telling reality

read this also: The stories of their love affair with immense wealth also made headlines, such is the story of these billionaire businessmen

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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