India's Bank of Baroda gains after Citi sees 36% rise in 3 months on earnings momentum

Bank of Baroda

27/03/2025 09:54

** Shares of state-owned lender Bank of Baroda BOB.NS rise 5% to 231.3 rupees

** BOB is the top gainer in public sector bank index .NIFTYPSU, which is up 2.5%

** Citi Research reiterates "buy" on BOB and expects share price to gain 36.3% in the next three months

** Says BOB's advances growth will be at the higher end of the guidance and net interest margins will stabilise

** Expects BOB's loan growth to sustain its momentum, while slippages are expected to be under control due to minimal corporate street and favourable rural demand

** The average rating of 29 analysts tracking BOB is "buy"; the median price target is at 274 rupees

** BOB shares are down 4% in 2025 so far, mirroring the drop in NIFTYPSU

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))