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ICICI Direct has buy call on Bank of Baroda with a target price of Rs 135. The current market price of is Rs 128.6. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 65314.30 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 30-06-2022, the company reported a Consolidated Total Income of Rs 21576.76 Crore, down -3.98 % from last quarter Total Income of Rs 22470.46 Crore and up 1.04 % from last year same quarter Total Income of Rs 21355.53 Crore. The bank reported net profit after tax of Rs 1939.56 Crore in latest quarter.
Investment Rationale
Breakout from rounding formation of last four months and weekly MACD in buy mode.
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