Bank of Baroda rises 5% on Morgan Stanley Upgrade, Know TARGET Here
Bank of Baroda best placed amongst non-SBI SoE (State Owned Enterprise) banks – upgrade to Overweight. Morgan Stanley upgrades target price on Bank of Baroda to Rs 110 from Rs 100. Bank of Baroda share price made a high of Rs 86.25 today, up over 5% or Rs 4.5
Morgan Stanley says FY22 will see a tussle between higher restructured loans and lower NPLs, amid a turn in the corporate NPL cycle. Morgan Stanley expects credit costs to moderate in F22: Reuters