Buy Bank of Baroda, target Rs 107: CK Narayan
Buy Bank of Baroda at a price target of Rs 107.0 and a stoploss at Rs 98 from entry point.
Bank of Baroda key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 34388.97 Crore to Sales Value (68.81 % of Total Sales), Income From Investment which contributed Rs 12786.72 Crore to Sales Value (25.58 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 1735.20 Crore to Sales Value (3.47 % of Total Sales) and Interest which contributed Rs 1063.22 Crore to Sales Value (2.12 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets). For the quarter ended 30-06-2019, the company has reported a Consolidated Interest Income of Rs 13691.11 Crore, up 43.64 % from last quarter Interest Income of Rs 9531.83 Crore and up 65.87 % from last year same quarter Interest Income of Rs 8254.10 Crore. The bank has reported net profit after tax of Rs 826.13 Crore in latest quarter.