BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
IDFC upgrades Bank of Baroda to outperform
Expect stock to outperform other state-owned banking stocks. Earnings will revive but slowly. Do not expect bank to generate strong return on equity. Value stock at price to book value multiple of 0.7 times to its FY17 estimated book value.