Bank of Baroda
BANK OF BARODA
Bank of Baroda reported a steady operating performance.
A healthy growth rate.
Business growth was strong with loans growing 6% Q-o-Q.
Asset quality improved sharply with GNPA and NNPA ratios
falling
NIM fell 5 bps q-o-q to 3.08%.
FIIs holding increased from 7.37 to 9.14 in Q4 and
DIIs holding increased from 14.65 to 15.08.
Risk reward looks attractive and valuation is inexpensive.
The potential upside of 28%
good
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