Bank of Baroda rises to record high on quarterly profit beat

Bank of Baroda

03/11/2025 08:10

** Shares of Bank of Baroda BOB.NS rise 4.71% to a record high of 291.60 rupees

** Co's quarterly net profit of 48.08 billion rupees 10.58% higher than analysts' estimate

** Co's quarterly interest earned rises 4.07% to 315.11 billion rupees; gross NPA at 2.16%

** Investec ("Buy"; raises PT to 325 rupees) says bank has executed well in a challenging macro-environment, defending margins and delivering strong return on assets (RoA)

** Morgan Stanley ("Underweight"; raises PT to 255 rupees) says bank's asset quality remains strong and is as good as it can get; sees limited risk currently

** More than 28.59 million shares change hands vs 30 day avg of 10.52 million shares

** Stock rated as "Buy" on average by 43 analysts; median PT at 292.50 rupees as per data compiled by LSEG

** YTD, stock up 21.22% vs Nifty Bank Index up 5.87%

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))