Motilal Oswal advises buying Bank of Baroda shares, aiming for a target price of Rs 290. Currently, the stock is priced at Rs 255.2.
About Bank of Baroda:
- Founded in 1911
- Market cap: Rs 131,481.88 crore
- Key Revenue Sources:
- Interest & Discount on Advances & Bills
- Income from Investments
- Interest on Balances with RBI and other banks
Financial Performance:
For the quarter ending 30-06-2024:
- Total Income: Rs 35,800.94 crore (down 4.81% from the previous quarter’s Rs 37,610.59 crore, but up 7.45% from Rs 33,318.13 crore in the same quarter last year)
- Net Profit: Rs 4,727.81 crore
Ownership:
- Promoters hold 63.97%
- Foreign Institutional Investors (FIIs) own 11.45%
- Domestic Institutional Investors (DIIs) hold 15.75%
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