Bank of Baroda reports Q2 results, brokerages bullish
pre-market1 source ↓written by the desknot a recommendation
- in net profit
- 8.2% decline
- net profit
- ₹4,809 cr
- interest income rose
- 2.71%
- ₹11,954 cr
- NPA
- 2.16%
Shares of Bank of Baroda will attract attention following positive broker ratings after its Q2 earnings. Despite an 8.2% decline in net profit to ₹4,809 cr, net interest income rose 2.71% to ₹11,954 cr. Improved asset quality, with Gross NPA down to 2.16%, has led to target price hikes from several brokerages.
Not investment advice. For informational purposes only.