Fundamental Result Update

Bank of Baroda



Bank of Baroda reported Operating Profit of Rs. 2,595 Cr in Q3 FY 2017 as against Rs. 1,704 Cr in corresponding quarter previous year, a growth of 52%. The bank reported net profit of Rs 253 crs for the quarter against loss of Rs 3,342 crs in corresponding quarter of previous year.

Valuation: At CMP of Rs 169 the stock is trading at P/ABV multiple of 1.6(x). We have valued stock on P/ABV(x) of 2 (x) on its FY 18E ABV of Rs 105 per share and have arrived at fair value of Rs 210. We have BUY rating on the stock.


Tags: FundamentalResult Update


Search Reports

SEARCH

Reports

Daily Market Update...

Nifty opened on a subdued...

Read More

Grasim Q1FY20 Result...

Grasim Industries came out...

Read More

Daily Market Update...

Nifty opened on a subdued...

Read More

Daily Market Update...

Nifty opened on a subdued...

Read More

Daily Market Update...

Nifty opened higher traded...

Read More

PRESTIGE

SHORT TERM TRADING CALL BUY...

Read More

Voltamp Transformers...

Voltamp Transformers came out...

Read More

Sundaram Finance Ltd...

Sundaram Finance (SUF)...

Read More

Shakti Pumps Q1FY20...

Shakti Pumps came out with...

Read More

Sunteck Realty Ltd...

Sunteck Realty Ltd (SRL)...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: Investment in markets is subject to market risk, the views and investment tips expressed by our research entity on arihantcapital.com are product of their own. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. ArihantCapital.com offers the views and opinions for assistance only and these are not intended and must not be alone taken as the basis for an investment decision. We advise the users to check with certified experts before taking any investment decisions. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material.