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HomeSHARE MARKETTop Market Expert Picks This PSU Bank Stock For 2 Months; Reasons...

Top Market Expert Picks This PSU Bank Stock For 2 Months; Reasons Behind This Picks

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Bank of Baroda (NSE: BANKBARODA): Strong selling was recorded in the stock market. Nifty closed below 22 thousand points at 21997 and Sensex at 72761 points. 

On a net basis, Nifty has become flat on this year’s basis. Midcap has corrected by about 8 percent from its high and smallcap by 15 percent. 

FII sold Rs 4595 crore on Wednesday, while DII took advantage of this fall and bought Rs 9094 crore. The weekly expiry is on Thursday. Let us know from market guru Anil Singhvi what investors should do next.

There Is Pressure On The Indian Market

Market guru said that there was selling pressure in midcap and smallcap for some time. Even big stocks got caught in today’s strong selling. It was a tough market day Indian market.

He added that there are many causes for this decline. Liquidity decreases in March. 

Mutual funds have stopped the funds. The stress test of the MF industry will be held on March 15. 

Market sentiment is delicate. Market Guru said that there is important support for Nifty at 21850. 

Weakness will increase further below 21800. Nifty remains stuck at 22250-22350. 

46900-47000 is the initial strong resistance in the history of Bank Nifty. In the case of selling, the second support will be at 45700-46000. In case of bullishness, there is resistance at the level of 47300-47500.

Bank Of Baroda Share Price Target

A market expert has chosen the government bank Bank of Baroda for 1-2 months after the selloff. This share closed at Rs 260 with a fall of 4 percent. 

Its decline has continued for 4 trading sessions. This fall it has corrected from an all-time high of Rs 285. The target has been given at Rs 288 and the stop loss at Rs 246.

About Bank of Baroda Company 

Bank of Baroda Limited provides diverse banking services and products to government departments, individuals as well and corporate customers throughout India and around the world.

The company is divided into four segments: Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations. 

It provides current and savings accounts; fixed, term, and recurring deposit options; & NRI deposits.

It also provides loans such as vehicles, home, education mudra, gold, mortgage, and personal loans, in addition to loans against public issues or IPOs and securities & professional bridge, composite FCNR, small and medium-term corporate loans & loans for small, micro and medium-sized enterprises. 

It provides advance loans, & pensions, and government schemes to its customers such as general insurance, life insurance, and health insurance. 

Bank of Baroda Limited was established in 1908 and is located in Vadodara, India.

Fundamental Analysis of Bank of Baroda

Market Cap₹ 1,34,921 Cr.
Current Price₹ 261
52-wk High₹ 286 
52-wk Low₹ 156
Stock P/E7.14
Book Value₹ 203
Dividend2.11 %
ROCE5.17 %
ROE15.1 %
Face Value₹ 2.00
P/B Value1.28
OPM61.2 %
EPS₹ 36.5
Debt₹ 13,42,592 Cr.
Debt to Equity12.8

Bank of Baroda Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹276₹312
2025₹315₹342
2026₹354₹379
2027₹400₹454
2028₹465₹500
2029₹521₹543
2030₹600₹612
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Bank of Baroda Shareholding Pattern

Promoters Holding
Dec 202263.97%
Mar 202363.97%
June 202363.97%
Sept 202363.97%
Dec 202363.97%
FII Holding
Dec 20229.97%
Mar 202310.93%
June 202312.29%
Sept 202312.39%
Dec 202312.27%
DII Holding
Dec 202217.69%
Mar 202316.74%
June 202315.77%
Sept 202315.74%
Dec 202315.75%
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Govt. Holding
Dec 20220.26%
Mar 20230.26%
June 20230.26%
Sept 20230.26%
Dec 20230.26%
Public Holding
Dec 20228.12%
Mar 20238.10%
June 20237.70%
Sept 20237.64%
Dec 20237.76%

Bank of Baroda Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 52,906 Cr
2020₹ 78,895 Cr
2021₹ 74,314 Cr
2022₹ 73,385 Cr
2023₹ 114,503 Cr
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Last 5 Years’ Net Profit:

2019₹ 1,166 Cr
2020₹ 981 Cr
2021₹ 1,620 Cr
2022₹ 7,933 Cr
2023₹ 19,024 Cr

Last 10 Years’ Profit Growth:

10 Years:12%
5 Years:58%
3 Years:153%
Current Year:62%

Last 10 years’ Return on Equity (ROE):

10 Years:5%
5 Years:7%
3 Years:9%
Last Year:15%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:15%
3 Years:60%
Current Year:33%

Conclusion

This article is a complete guide about Bank of Baroda Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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