Bank of Baroda share price: Total 1.54 lakh shares of Bank of Baroda changed hands amounting to a turnover of Rs 3.20 crore. Market cap of the lender fell to Rs 1.06 lakh crore on BSE.
NTPC may see buying of 1.87 crore shares worth $74 million. PNB may see $25 million inflows. IndusInd Bank, Federal Bank and Bank of Baroda may see inflows to the tune of $23 million, $18 million and $17 million, respectively.
Bank of Baroda shares rose 5.86 per cent to hit a high of Rs 253.55. The stock is up 8 per cent in 2024 so far. The stock can rise up to 30 per cent over the next 12 months, a few brokerage targets suggest.
Nifty Bank may target 50,500, followed by 49,700 level on the downside. Traders may maintain a "sell on rise" strategy until the index consistently stays below the 52,000 level, Bagadia said.
An analyst at Arihant Capitals said that Reliance has closed below the 200-days SMA which suggests weakness on the daily charts and the stock is underperforming the benchmark indices.
Bank of Baroda's earnings may grow at a modest 10 per cent CAGR over FY24-FY27, while its return on asset (RoA) may remain steady at 1.1 per cent, MOFSL said.
Bank of Baroda shares gained 8.88 per cent in 2024 so far. Canara Bank rallied 29 per cent, Punjab National Bank (PNB) 26 per cent, State Bank of India (SBI) 16 per cent and Bank of India 11 per cent year-to-date.
Bank of Baroda: The RBI lifted ban on on-boarding new customers through the BoB World application and Nirmal Bang sees this as a positive for garnering retail deposits.
PNB shares are down 11 per cent in the last five sessions. Bank of Baroda has plunged 10 per cent during the same period. SBI shares fell 2 per cent while those of Bank of Baroda tanked 7 per cent.
Axis Bank has demonstrated a noteworthy breakthrough, surpassing the prior swing high accompanied by considerable trading volumes, indicating a sustained momentum.
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