Bank of Baroda Shares in Focus: Rebounds with gain amid continuous losses; Check Avg Price Target
Shares of Bank of Baroda were in the spotlight as the stock has gained over 3.75 basis points in the intraday Tuesday session, which has ultimately revises the bearish zone of public sector stock, which has continued since last year to date trend.
The stock has surged over by 1.60% with an increase of 3.75 basis points from previous close of Rs 233.85. In Tuesday’s session, the stock was opened at Rs 236.00 and reaches to intraday high of Rs 240.60.
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The stock has P/E ratio of 5.93 with a dividend yield of 3.51%. The Public Sector stock has re-bound from a continuing trajectory of losses and is expected to sharp the price target in the upcoming session.
In terms of Financial Performance, the Bank of Baroda has gained revenue of Rs 17.05K crore with 3.21% YoY from previous year quarter. Meanwhile, the Net Income has been updated with a surge of 5.6% standing at Rs 5.42K crore. The Net Profit Margin is at 31.78% with an increase of 2.32%.
The average price target according to several sources is Rs 276.38 for Bank of Baroda and the potential upside is around 15.23% from the current price.
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