Bank of Baroda (BOB) Share Price Target: 2024, 2025 to 2030

Bank of Baroda is an Indian public sector banking and financial services company headquartered in Vadodara, Gujarat, India. It deals in the business of more than US$ 575 billion and has a network of over 8168 domestic branches and 11,475 ATMs spread across the country. Also, BoB has branches in many countries, including the US, the UK, Hong Kong, and Dubai.

The bank offers a range of banking and financial services, including savings accounts, current accounts, loans, deposits, online banking, insurance, and investment services.

Bank of India is currently trading at Rs.202 as of December 3rd, 2023.

Stock History of BoB

Bank of Baroda’s stock price has been volatile since it was listed on the National Stock Exchange in 1991. In the beginning, the stock traded at a very low price, which rose to a high of Rs. 642 in April 2007, before declining again in the aftermath of the global financial crisis. Since then, the stock has seen an upward trend and was trading at Rs. 202 on December 3rd, 2023.

• Bank of Baroda’s Q2 2023 operating profit registers an impressive 33% annual growth, reaching ₹8,020 crore.
• Profit after tax (PAT) sees a substantial increase to ₹4,253 crore, surpassing the estimated ₹3,921.5 crore.
• Net Interest Income (NII) rises by 6.5% to ₹10,831 crore but falls short of the estimated ₹11,058.8 crore.
• Slippages, indicating loans turning into non-performing assets (NPAs), increase to ₹4,751 crore from the previous quarter’s ₹2,761 crore.
• The bank’s stock shows a positive trend, ending 1.5% higher in the latest trading session and gaining 9% in 2023.
• Bank of Baroda’s financial performance contributes to a favorable market sentiment, reflected in consecutive stock gains.

What do I like about Bank of Baroda (for investment)?

1. Strong Growth in Advances: The Bank of Baroda exhibited robust growth in global advances. Specifically, domestic advances surged by 17%, while international advances witnessed an impressive growth of 23%. Such a diversified growth trajectory shows the bank’s strength in both domestic and international markets.
2. Retail Sector Thriving: The bank’s retail sector seems to be leading the charge, with a significant growth of 25%. This indicates a strong consumer trust in the bank and its services.
3. Consistent Growth in Other Sectors: Both agri and MSME advances have also been performing consistently well, registering growths of 15% and 13% respectively. This showcases the bank’s capability to cater to different sectors efficiently.
4. Healthy Deposit Growth: The bank’s total deposits saw a growth of 16%. The substantial growth in term deposits by 24% shows that customers trust the bank with their long-term savings.
5. Improved Yields and Profitability: The bank reported a rise in the yield on advances by 10 basis points, which means it’s earning more from its lending activities. Additionally, indicators like a 35% year-on-year growth in Net Interest Income (NII), an astounding 73% increase in operating profit, a 106% rise in Profit Before Tax (PBT), and an 88% growth in Profit After Tax (PAT) are exemplary of the bank’s remarkable profitability.
6. Impressive Asset Quality: The declining Gross Non-Performing Assets (NPA) to 3.51% and Net NPA to 0.78% suggests that the bank is increasingly effective at managing its credit risks.
7. High Provisioning: A Provision Coverage Ratio (PCR), including TWO advances, at 93.23% demonstrates the bank’s prudence and readiness to cover potential loan losses, providing an added assurance to stakeholders about the bank’s risk management prowess.

To buy Bank of Baroda shares, you can open a Demat and trading account with a stockbroker. You can then place a buy order for Bank of Baroda shares with the broker, who will execute the order on your behalf. You will need to pay brokerage charges for the transaction. Alternatively, you can also purchase Bank of Baroda shares through a mutual fund. some of the online platforms to buy BoB shares are Paytm Money, Zerodha, 5paisa, Groww, etc.

Bank of Baroda Share Price Prediction 2023-2030

Bank of Baroda Share Price Target 2023

Bank of Baroda Share Price Target 2024

Bank of Baroda’s share price in 2024 is predicted to be ₹254.58.

Bank of Baroda Share Price Target 2025

According to our prediction and calculation, Bank of Baroda’s share price is estimated to reach Rs. 199.74 – 310.36 in 2025.

Bank of Baroda Share Price Target 2026-2030

Bank of Baroda Financial Condition: Last 5 years

FAQs

Will BOB share price grow in 2023?

Factors like the macroeconomic environment, the performance of the company, and the market sentiments are responsible for the direction of the share price of a company. Considering the same factors, BOB share price will grow in 2023 as per the forecasting done by market experts.

What is the share market capitalization of the Bank of Baroda?

BoB has a market cap of over Rs. 1,04,384 Crore as of 3rd December 2023.

What future is anticipated for Bank of Baroda Share in 2025?

Bank of Baroda’s share price in 2025 is not possible to predict accurately, as it is influenced by numerous external factors. However, analysts have estimated that the stock could reach Rs. 400-430 by the end of 2025.

Can the Bank of Baroda share price reach Rs. 1000?

The external factors are expected to be in favor of the Bank of Baroda in the coming years and based on this prediction, it could be predicted that the share price of BoB could reach Rs. 1,000 by the end of 2030.

What is the BOB Share Price Target for 2030?

Bank of Baroda’s share price target for 2030 is between ₹395.40 to ₹564.86.

Also, check:

• Motherson Share Price Target by Emkay Global
• HDFC Bank Share Price Target by JM Financial
• Central Bank of India Share Price Target for 2030

Bank of Baroda Peers: PE, Marketcap Compared

As we can see, out of all public sector banks, Bank of Baroda’s P/E ratio is the lowest after Canara Bank, whereas IOB’s PE is the highest.

Bank of Baroda in Future: Things you need to know

1. Bank of Baroda is targeting a 14-15% loan growth for FY24, with an emphasis on retail growth at 18-20% while aiming for a Net Interest Margin (NIM) of 3.3%.
2. Aiming to achieve INR 12,000 crores in recoveries for FY24, the bank’s portfolio mix is shifting towards 35% corporate and 65% non-corporate.
3. The bank is aggressively pursuing fee income growth, especially through its Cash Management Business (CMS) and wealth management segments.
4. Strategies like channeling resources, capturing customer flows, and a particular emphasis on relationship management are in place to bolster CASA growth.
5. Confidence remains high in meeting the retail loan growth guidance, as the bank eyes future expansion.

Conclusion: Should you buy Bank of Baroda shares in 2023?

Bank of Baroda is an Indian public sector banking and financial services company headquartered in Vadodara, Gujarat, India. Its stock price has been volatile since it was listed on the National Stock Exchange in 1991.

With its Earning per Share growing from 28.82 in March 2023 to 33.68 in TTM (2024), and Price-to-Earning ratio decreasing to 5.67 currently, it is convenient the the Bank of Baroda stock is undervalued now, and it is a good time to invest now. Just to compare, the PE ratio in August 2021 was 33.5. You can, by these figures, clearly understand how cheap the Bank of Baroda is, compared to its previous valuation.

Sales are growing, profits are growing, and the NPA is reducing. This makes the Bank of India a brilliant stock to include in the portfolio. I have added the Bank of India to my portfolio this month.

Some analysts have estimated that the stock could reach Rs. 310.36 by 2025. To buy Bank of Baroda shares, you can open a Demat and trading account with a stockbroker.

BOB Stock price prediction suggests the share price could reach Rs. 1000 by 2035. Please keep in mind, that this may not be true, as share price is influenced by many external factors, such as the macroeconomic environment, company performance, and stock market sentiment.

Disclaimer: The co-founder of this blog holds BOB shares in his family portfolio. None of what I mentioned in this article ‘Bank of Baroda share price target 2023 to 2030’ is financial advice. I am not a SEBI-registered financial advisor. Please DYOR before investing.

Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

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