One of India’s top public sector banks, Bank of Baroda has a long and illustrious history dating back more than a century. Millions of consumers can access banking services through the bank’s extensive nationwide network of branches and ATMs. With time, Bank of Baroda has developed a reputation as a dependable and trustworthy bank that can meet all of its clients’ different financial demands.
The share price of Bank of Baroda has recently increased significantly as a result of a number of factors, including the bank’s outstanding financial performance, expansion ambitions, and market outlook. Analysts and investors are closely monitoring the bank’s stock in order to forecast how it will fare in the years to come.
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BANK OF BARODA IN RECENT NEWS
- Indiafirst Life Insurance, which is supported by Bank of Baroda, has received approval from SEBI to launch its IPO.
- Bank of Baroda has increased the interest rates on its domestic retail term deposits by 25 basis points.
- Bank of Baroda’s stock prices have surged along with Nifty’s gains.
BANK OF BARODA SHARE PRICE TARGET 2023
|BANK OF BARODA SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Bank of Baroda’s share price target for 2023 looks quite bullish. The maximum price in December 2023 is predicted to be Rs. 299.37, which is almost a 132% growth from the minimum price in May 2023. This uptrend is expected to continue throughout the year, with occasional dips in prices. The bank’s share price is predicted to show significant growth in the months of April, June, and November, with a growth percentage of around 43% and 47% respectively.
BANK OF BARODA SHARE PRICE TARGET 2024
|When||Maximum Price||Minimum Price|
Bank of Baroda’s share price target for 2024 seems to be indicating a moderate growth trend with occasional dips. The maximum predicted price for December 2024 is Rs. 419.13, which is about a 30% growth from the minimum price in May 2024. The share price is expected to show notable growth in October and November 2024, with an increase of around 30% and 33% respectively. However, there are also a few months where the share price is expected to dip, such as May and August, with a decrease of around 23% and 20% respectively.
BANK OF BARODA SHARE PRICE TARGET 2025
|BANK OF BARODA SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Bank of Baroda’s share price target for 2025 shows a bullish trend, with a steady increase in the share price throughout the year. The maximum predicted price for December 2025 is Rs. 508.41, which is around a 39% growth from the minimum price in May 2025. The share price is expected to show consistent growth throughout the year, with notable increases in October, November, and December 2025, with an increase of around 44%, 53%, and 61% respectively.
BANK OF BARODA SHARE PRICE TARGET 2026 TO 2030
|BANK OF BARODA SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Bank of Baroda’s share price is expected to continue its bullish trend with a significant increase in value by 2026. The maximum price target for 2026 is ₹355.88 while the minimum price target is ₹249.12. In 2027, the maximum price target is ₹302.50, and the minimum price target is ₹211.75, indicating a slight decline in growth compared to the previous year. However, in 2028, the maximum price target is expected to reach ₹544.50 with a minimum price target of ₹381.15, reflecting a considerable upward trend in the share price. The growth trend is expected to continue in 2029 and 2030, with the maximum price target reaching ₹1,118.49 and ₹1,245.60, respectively, and the minimum price targets reaching ₹782.95 and ₹871.92, respectively. These predictions suggest that Bank of Baroda’s share price will continue to grow steadily, making it a potentially profitable investment for long-term investors. However, it’s important to note that these predictions are based on current market trends and could be subject to change based on various economic and geopolitical factors.
FINANCIAL STRENGTH OF BANK OF BARODA (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-1.37||-2.29||49.83||12.48||3.13|
|Provisions & Contingencies||16,425.69||21,228.63||19,527.67||14,431.54||15,473.62|
|Provisions & Contingencies Growth (%)||-22.62||8.71||35.31||-6.73||44.79|
|Profit after Tax (PAT)||7,849.69||1,547.67||927.75||1,100.10||-1,887.11|
|PAT Growth (%)||429.63||54.31||-13.33||–||-207.58|
|Net Interest Margin (%)||2.57||2.58||2.40||2.48||2.25|
|Net Profit Margin (%)||10.69||2.08||1.17||2.07||-4.09|
|Basic EPS (₹)||15.18||3.32||2.32||4.16||-8.17|
Bank of Baroda’s financial statements over the past five years show fluctuations in its revenue and profits. In FY 2022, the bank recorded a total income of ₹87,780.19 crores, a decrease of 1.37% compared to the previous year. The provisions and contingencies decreased by 22.62% to ₹16,425.69 crores in FY 2022. The bank’s profit after tax (PAT) showed a remarkable improvement with a growth rate of 429.63% to reach ₹7,849.69 crores. The bank’s net interest margin (NIM) was recorded at 2.57% in FY 2022, slightly lower than the previous year’s 2.58%. The net profit margin (NPM) also increased to 10.69% in FY 2022 compared to 2.08% in FY 2021. The basic EPS increased to ₹15.18 in FY 2022 compared to ₹3.32 in FY 2021. Overall, the bank’s financial statement shows an improvement in its profit and loss statement with a significant increase in PAT, despite a decrease in revenue growth. The provisions and contingencies also decreased, contributing to the improvement in PAT.
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What is the maximum share price target of Bank of Baroda’s in 2026?
The maximum share price target of Bank of Baroda’s in 2026 is Rs. 355.88
What is the maximum share price target of Bank of Baroda’s in 2027?
The maximum share price target of Bank of Baroda’s in 2027 is Rs. 302.50
What is the maximum share price target of Bank of Baroda’s in 2028?
The maximum share price target of Bank of Baroda’s in 2028 is Rs. 544.50
What is the maximum share price target of Bank of Baroda’s in 2029?
The maximum share price target of Bank of Baroda’s in 2029 is Rs. 1118.49
What is the maximum share price target of Bank of Baroda’s in 2030?
The maximum share price target of Bank of Baroda’s in 2030 is Rs. 1245.60
CONCLUSION: BANK OF BARODA SHARE PRICE TARGET
According to Bank of Baroda’s financial statements for the previous five years, the company has had a mixed track record in terms of income growth, PAT, revenue growth, and profit growth. Compared to FY 2021 and FY 2020, the bank’s overall revenue decreased in FY 2022, but it increased significantly in FY 2019 and FY 2018. The bank’s PAT has also fluctuated, showing a sharp rise in FY 2022 but a sharp decrease in FY 2021 and FY 2020. Over the years, there have also been fluctuations in both revenue growth and profit growth. Making an investment decision solely based on these elements is not advised because the bank’s financial performance has been uneven overall.