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bankofbaroda.in

Founded Year

1908

Stage

Acq - P2P | Acquired

About Bank of Baroda

Bank of Baroda (NSE:BANKBARODA) is an Indian state-owned, international banking and financial services company.

Bank of Baroda Headquarter Location

Baroda Bhavan 7th Floor, Romesh Chunder Dutt Road

Vadodara, 390 007,

India

+91 (0)265 231 6792

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Latest Bank of Baroda News

Q4 Results 2022 Impact: DMart share emerges top gainer with Buy suggestion from YES Securities; Bandhan Bank, BoB, JK Paper also rise on strong quarterly results

May 16, 2022

Q4 Results 2022 Impact: Shares of Avenue Supermarts (DMart), Bandhan Bank, Bank of Baroda and JK Paper were trading in the green on Monday on the back of healthy March quarter results for FY22. Radhakishan Damani-owned retail chain DMart shares surged almost 9 per cent to Rs 3515.5 per share: Pixabay Q4 Results 2022 Impact: Shares of Avenue Supermarts (DMart), Bandhan Bank, Bank of Baroda and JK Paper were trading in the green on Monday on the back of healthy March quarter results for FY22. DMart was the top gainer among them and rose by 9 per cent intraday. Radhakishan Damani-owned retail chain DMart shares touched a day’s high level of Rs 3515.5 per share, followed by Bandhan Bank shares gained 8 per cent to Rs 342.7 per share on the BSE intraday. While Bank of Baroda shares jumped almost 5 per cent to Rs 99.5 per share and JK Paper shares grew by almost 6 per cent to Rs 323 per share on the BSE intraday. Growth outlook in DMart remains strong despite lower SSSG (same-store sales growth) and margin assumptions, YES Securities said, suggesting a Buy in this stock amid sharp correction for a target price of Rs 4165 per share, which implies an upside of around 29 per cent as compared to Friday’s closing. As per YES Securities, “Gross margins were lower by 60 basis points sequentially owing to lower sales of high-margin discretionary items. Revenue grew 17.8% YoY despite 21 new store openings in Q4.”  As for Bandhan Bank, Kotak Institutional Equities said, “The private lender reported 18x year-on-year earnings growth led by around 100 per cent YoY decline in provisions while operating profits grew 45% YoY. Gross NPLs declined 440bps to 6% and net NPLs declined 135bps to 1.7%, sequentially.”  Kotak maintained Add rating with a revised price target of 360 per share, which implies an almost 14 per cent upside from Friday’s closing price. The management is guiding for a normal year ahead which is likely given the sharp decline in NPL ratios and recovery in loan growth, it said. Large corporate account and MSME slippages make stress accretion seem worse in Bank of Baroda, YES Securities said while maintaining a Buy rating with a target price of Rs 116 per share, implying an upside of over 22 per cent from Friday’s closing price. According to YES Securities, “Management has improved upon its prior loan growth guidance, now guiding for 10-12% growth for FY23. It stated the BOB could eke out a margin expansion of 10 bps, while factoring in various moving parts.”

  • When was Bank of Baroda founded?

    Bank of Baroda was founded in 1908.

  • Where is Bank of Baroda's headquarters?

    Bank of Baroda's headquarters is located at Baroda Bhavan, Vadodara.

  • What is Bank of Baroda's latest funding round?

    Bank of Baroda's latest funding round is Acq - P2P.

  • Who are the investors of Bank of Baroda?

    Investors of Bank of Baroda include Dena Bank.

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