Nomura suggested a target of Rs 960 on IndusInd Bank as it retained 'Buy' rating on the scrip. It has 'Neutral' views on Bank of Baroda and Kotak Mahindra Bank.
PSU bank stocks: Nuvama Institutional Equities continued to prefer BoB, SBI, and PNB, which are likely to deliver relatively strong return on assets (RoA).
BOB reported a mixed bag with slower loan growth, higher slippage and a more resilient NIM in Q1FY26.
Kamath’s assessment comes after the Securities and Exchange Board of India (SEBI) barred Jane Street Group from accessing the securities market.
The lender's Board recommended a dividend of Rs 8.35 per equity share for FY25. "The bank has fixed record/cut off date as June 6, 2025, for the purpose of dividend payment. Hence, shareholders having shares as on the cut date i.e June 6, 2025, shall be eligible for dividend payment," BoB stated.
An analyst from Anand Rathi said that Paytm has recently found support following a brief pullback, with a notable rebound in the previous trading session from the S3 Camarilla pivot level.
InCred Equities identified Punjab National Bank Ltd (PNB) as a preferred pick. The PSU bank is expected to benefit from benign credit costs and favourable prospects from recoveries in written-off accounts.
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.
Most investors in Singapore and Tokyo agree that following HDFC Bank's recent stock run-up, upside may be capped, Nomura India said.
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.