Buy Bank of Baroda With Intraday Target Of Rs 875

Buy Bank of Baroda With Intraday Target Of Rs 875Technical analyst Anil Singhvi maintained 'buy' rating on Bank of Baroda Limited stock with an intraday target of Rs 875.

According to analyst, the investors can buy the stock with a stop loss of Rs 835.

The stock of the company, on January 27, closed at Rs 844.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1050 and a low of Rs 525 on BSE.

Current EPS & P/E ratio stood at 97.06 and 8.62 respectively.

Nationalized Bank of Baroda registered 28.39 per cent jump at Rs 1,068.88 crore in its standalone net profit for the three month period ended December 31, 2010.

Bank of Baroda had registered a consolidated net profit of Rs 832.49 crore during the corresponding period of 2009.

The bank's total income surged to Rs 6,342.30 in the quarter under review as against Rs 4,836.62 crore during the same period the year-ago.

Mangalore Devdas Mallya, the chairman & MD of Bank of Baroda, has been names as the Business Standard Banker of 2010.

Mr. Mallya was selected by a five-member board led by SEBI's former chairman, M Damodaran, for BoB's sterling recital during the last couple of years.

The panel members short listed 3 names from 30 on recital parameters ranging from expansion in deposits, advances, assets as well as bad debt to return on assets and business per worker.




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