BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Motilal Oswal Recommends 'Buy' On Bank Of Baroda
According to Motilal Oswal, the macro environment remains challenging due to the COVID-19 outbreak, which has impacted growth and credit quality outlook. Though Bank of Baroda has reported an improvement in asset quality ratios and provisioning coverage, it has come on account of asset classification benefits availed by the bank, says the brokerage, adding that the lender's credit cost is estimated to remain elevated over financial year 2020-21.