Bank of Baroda shares rise with positive momentum after Q4 results

Bank of Baroda (BoB) stock increased by 2% on Monday after many brokerage houses kept their positive recommendation on the company after Q4 results.

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Net profit - Increased by 2.3% Net interest income (NII) - Increased by 2.3% Global Net Interest Margin (NIM) - Increased by 3.27%

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Its loan grew at a 15% rate on a yearly basis and will witness a 12% to 14% growth for the current financial year.

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With this, many brokerage houses are positive on the stock giving it a ‘Buy’ recommendation with a price target of Rs. 300.

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BoB’s stock reached a day high of Rs. 261.55 on Monday from the previous closing of Rs. 254.85.

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Bank of Baroda shares rise with positive momentum after Q4 results

Bank of Baroda (BoB) stock increased by 2% on Monday after many brokerage houses kept their positive recommendation on the company after Q4 results.

About share hike

Net profit - Increased by 2.3% Net interest income (NII) - Increased by 2.3% Global Net Interest Margin (NIM) - Increased by 3.27%

The margins FOR Q4 FY2024

Its loan grew at a 15% rate on a yearly basis and will witness a 12% to 14% growth for the current financial year.

Loan growth

With this, many brokerage houses are positive on the stock giving it a ‘Buy’ recommendation with a price target of Rs. 300.

‘Buy’ recommendation

BoB’s stock reached a day high of Rs. 261.55 on Monday from the previous closing of Rs. 254.85.

Stock price

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