Prabhudas Lilladher Suggests Govt Bank Stock To Buy, Shares Rally 39% In 3-Months

Prabhudas Lilladher has recommended investors to buy shares of Bank Of Baroda for higher returns. The analyst has assigned a target price of Rs 200 and urged to keep the stop loss at Rs 172. The bank has a market capitalisation of Rs 94,791 crore. If you buy Bank Of Baroda stock now, you will get potential 9% return. Check key takeaways below:

1. Bank Of Baroda Stock Performance

The last trading price of the stock is Rs 183 apiece with an intraday gain of 3%. The stock's 52-week high is Rs 197 apiece and 52-week low is Rs 79 apiece, respectively.

2. Bank Of Baroda Return and Financials

The banking stock has rallied 39% in just 3-months. In the last 1-year, the stock has witnessed a sharp rally of 123%. The shares have given return of 70% in last 3-years and 7% in last 5-years.

The bank declared consolidated total income for the quarter ended September 30, 2022 at Rs 26,320, up 22% from last quarter total income of Rs 21,576 crore.

3. About Bank Of Baroda

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara, Gujarat. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.