Bank of Baroda share price: Neutral on Bank of Baroda, target price Rs 85: Motilal Oswal

Motilal Oswal has neutral call on with a target price of Rs 85. The current market price of Bank of Baroda is Rs 83.9. Time period given by analyst is one year when Bank of Baroda price can reach defined target.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 43413.59 Crore).

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 21355.53 Crore, down -10.13 % from last quarter Total Income of Rs 23762.09 Crore and down -1.52 % from last year same quarter Total Income of Rs 21684.71 Crore. The bank has reported net profit after tax of Rs 1227.36 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.97 per cent stake in the company as of the fourth quarter ending March 31, 2021, while FIIs held 6.89 per cent, DIIs 15.52 per cent and public & others 13.62 per cent.