India's Bank of Baroda rises; JP Morgan hikes PT

Bank of Baroda

30/06/2025 10:09

** Bank of Baroda BOB.NS rises ~3% to 248.38 rupees

** JP Morgan raises PT to 315 rupees from 305 rupees, maintains 'overweight'

** Increases FY26-FY28 net interest margin estimates by 6-8 bps, driven by 4-6 bps lower cost of funds after the central bank's rate cuts

** Raises earnings per share estimates by 6% for FY26, driven by 3% higher net interest income

** Stock on track to close higher for the 5th straight session

** Shares up 3% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))