Bank of Barda is a good bank and it is the 4th largest PSU bank in India. For almost 3 years the stock has been continuously moving up and recently the stock made a new all-time high of Rs. 262.40 and the return is nearly 550%. As of now, the Bank of Baroda has still the potential to give a massive return. If you are interested in the bank then you should know the Bank of Baroda (BOB) share price target for 2024, 2025, and 2026.
After seeing these types of returns in the stocks a lot of investors started showing interest in the stock. As a result new investors also started investing In the stock to get high returns in the upcoming years.
Let’s analyze the stock with the help of technical analysis and fundamental data to see if is it a good stock to invest in or who should invest in these types of stocks. We will also share some rules for the investors to book maximum return in any stock and reduce loss as well.
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About BOB (Bank of Baroda)
Bank of Baroda (BOB) is a public sector bank in India. It provides services related to banking and finance. It provides many types of banking services like personal banking, it provides savings accounts, current accounts, and many other services. Check their website to see what are they doing in detail.
The Bank of Baroda is ranked number 4th after Punjab National Bank in the list of top PSU banks. But before a few years ago, the ranking of the bank was very low and its stock was consolidating in a range of years.
Not only net profit but also other fundamentals improved a lot and that forced investors to invest money in the stock. Below you can check the fundaments data of the Bank of Baroda.
Company Fundamentals
Below we are sharing Bank of Baroda company’s fundamentals that will help you to analyze the stock for long-term investing. With the help of the company’s fundamentals, you will know whether this stock is good for investing or not according to your money management rules and capital.
To get higher maximum returns on your investments you should have the knowledge and understanding of the company’s fundamentals, the sector in which you are investing, money management rules, and much more.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry. From the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 09 Feb 2024.
Profit Growth (Last 5 Years)
| Year | Profit (In Crores) |
|---|---|
| March 2019 | ₹1,087 |
| March 2020 | ₹942 |
| March 2021 | ₹1,454 |
| March 2022 | ₹7,700 |
| March 2023 | ₹14,688 |
Quarterly Results (Profits)
| Quarter | Profit (In Crores) |
|---|---|
| Dec 2022 | ₹4,166 |
| Mar 2023 | ₹5,110 |
| Jun 2023 | ₹4,302 |
| Sep 2023 | ₹4,343 |
| Dec 2023 | ₹4,748 |
Company Essentials
| Market Cap | ₹1,26,621Cr | ROE | 16.59% |
| P/E Ratio (TTM) | 6.70 | EPS (TTM) | 36.53 |
| P/B Ratio | 1.11 | Div Yield | 2.25% |
| Industry P/E | 6.70 | Book Value | 220.19 |
| Debt to Equity | NA | Face Value | 2 |
Share Holding Pattern
| Held By | Holding % |
|---|---|
| FII | 12.27% |
| DII | 16% |
| Public | 7.75% |
| Promoters | 63.97% |
| Other Holders | 0.0% |
Key Points
- In the last 3 years, the Bank of Baroda stock has given a return of nearly 550%.
- In the top PSU banks list, the Bank of Baroda is ranked at number 4.
- Promoters’ holding in the stock is nearly 63.97% and there has been no increase or decrease in their holdings for years.
- In the last 3 years, the Bank has shown good revenue and profit growth.
Quarterly Results
The net profit of the Bank of Baroda is almost flat from the last 5 quarters, in the last 5 quarters the bank made the highest profit in the March 2023 Quarter and lowest profit in December 2022. In the Dec 2023, the net profit is Rs. 4,748 Crore.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
BOB Share Price Target
In the last 3 years, the BOB stock has given up to 550% return on investments. As you can see in fundamentals there have been a lot of improvements in the past few years. As a result, investors got a very high return on it, and still, the share price of the Bank Of Baroda is very bullish.
In the last 1 – 2 years, investing in the PSU bank stocks for millions of people become very profitable and the Indian government is also speaking about these things as of now. From a fundamental viewpoint, in the upcoming years, the Bank Of Baroda may get the number 2 or 3 position in the top PSU banks.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
BOB share price target 2024
From the technical analysis, the stock is very bullish as of now, and recently the stock made a new all-time high and trading near it. Its previous all-time high was made in 2024. As you can see the stock has almost taken 10+ years to break its all-time high. As it is a very long time return is also very huge in the last 3 years.
As of 09 Feb 2024, most price sector banks are trading at lower levels for the short term. Recently the share price of the HDFC Bank crashed very badly due to the quarterly results and the net profit and revenue were not as good as what was expected by the stock market.
In 2024, the Bank of Baroda can still give a 10% to 15% return very easily but as of now, it is near its all-time high so, the due to the profit booking the stock can fall. But if you understand technical analysis then you can trade the stock by keeping a stoploss.
BOB share price target 2025 and 2026
In 2024, we are very bullish on the stock in the long term but investing in the stock at this level can be very risky according to the investing rules. But as the stock is very bullish then there are rare chance that the stock may fall in the near term so, that you can invest.
From the last 2 to 3 years the Bank of Baroda is showing higher net profit from its previous quarter each time. This is the main thing that forced stock to go up very quickly.
Not only the net profit, but EPS (earning per share) of the stock is also increasing in almost every quarter. You can see the latest EPS of the bank in the compnay essential section.
In the last 2 to 3 years, the FIIs and DIIs also increase their holdings in the stock very aggressively. In 2021, the FII holding in the bank was near 7.37% but in Dec 2023 the holding is near 12.27% In the DIIs holding there is no major change.
FAQs
We shared a target for the BOB stock and before taking it you should do your research or ask your financial advisor. The targets change from time to time with the new price action and data.
According to expert investors and financial advisors, the stock should go up to Rs. 350. If there is no negative news comes.
The revenue growth of the bank is growing and the stock is also creating a new all-time high. So, you can say that the bank is growing.
Final Words: The fundamentals of the bank are strong and the stock is also given a 300% return in the last 3 years. As there are already many banks like SBI, and HDFC Bank which are very powerful in all terms. From the stock, it is very easy to get a decent return in the upcoming years as we also shared the BOB share price target for 2024, 2025, and 2026. Keep tracing the stock for better results.