Bank of Baroda (BOB) is a well-known name in the Indian banking sector. The bank has recently made headlines with the launch of its Vikram Credit Card, a tribute to Indian soldiers.
But, what about its stock performance? As an investor, one of the most critical factors to consider is the BOB share price target for the next few years. I
n this article, we’ll take a closer look at BOB’s financial performance and its potential for growth, answering the question, “Is BOB a good auto stock to buy?”
We’ll delve into the bank’s financials and consider expert opinions to determine if BOB is a good investment opportunity for the future, from 2023 to 2030.
About BOB
Bank of Baroda is a renowned public sector bank and financial services provider from India. Established in 1908, it has grown to become one of India’s largest banks and a leader in terms of assets. Its headquarters are located in Vadodara, Gujarat and its network covers over 8,178 branches and 9,200 ATMs in India, as well as 25 countries. The bank provides a range of banking and financial services, such as deposits, loans, insurance, mutual funds, and investment products, to its customers. It has seen incredible growth in the past few years, becoming one of the most trusted providers of banking and financial services in the nation. Bank of Baroda is committed to offering exceptional customer service and helping people achieve their financial goals.
Stock history of Bank of Baroda
BOB was founded in 1908 by Maharaja Sayajirao Gaekwad III, who was the Maharaja of Baroda, in Gujarat. It was nationalized in July 1969 along with 13 other major commercial banks of India.
In the 2000s, BoB saw a period of strong growth, particularly in its international business. It acquired the Uganda operations of the Bank of India in 2003, and acquired the Kenyan operations of Bank of India in 2008. In 2008, BoB also acquired a majority stake in the South African bank, African Bank, which it later sold in 2013.
In recent years, the bank has been focusing on expanding its digital banking services, and in 2018, it launched its own mobile banking app, BoB Connect. It has also been expanding its presence in the financial technology space, launching its own payments platform, Bharat BillPay, in 2019.
The bank has been listed on the Bombay Stock Exchange (BSE) since 1973, and its stock has been consistently performing well since then. Over the past five years, Bank of Baroda’s stock has seen a steady growth.
Currently, BOB stocks are trading at around ₹170.10.
Latest news about Bank of Baroda
➤ Bank of Baroda stocks may get placed in MSCI index.
➤ Bank of Baroda launches Vikram Credit Card in honour of soldiers.
How to buy Bank of Baroda shares?
To purchase Bank of Baroda shares, investors need to open a demat account and trading account with a broker or a depository participant, and then place a buy order with the broker. The broker then submits the order to the exchange and the shares are delivered to the demat account. The investor needs to make payment in the form of cash or cheque to the broker at the time of placing the order.
You can also buy shares from the following trading platforms:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Share Price Prediction of Bank of Baroda: 2023 to 2030
Share Price Target 2023 of Bank of Baroda is ₹232.78
| When | Maximum Price | Minimum Price |
| January 2023 | ₹170.10 | ₹128.37 |
| February 2023 | ₹173.50 | ₹133.46 |
| March 2023 | ₹130.13 | ₹100.10 |
| April 2023 | ₹143.14 | ₹110.11 |
| May 2023 | ₹119.28 | ₹91.76 |
| June 2023 | ₹143.14 | ₹110.11 |
| July 2023 | ₹171.77 | ₹132.13 |
| August 2023 | ₹188.94 | ₹145.34 |
| September 2023 | ₹198.39 | ₹152.61 |
| October 2023 | ₹188.94 | ₹145.34 |
| November 2023 | ₹207.84 | ₹159.88 |
| December 2023 | ₹232.78 | ₹179.06 |
According to the table, Bank of Baroda’s share price is expected to have a bullish trend in the first half of 2023. The maximum price for January and February 2023 is predicted to be around ₹173.50 and ₹173.50 respectively, with a growth percentage of around 5.63% and 6.15% from the minimum price.
The minimum price for these two months is expected to be around ₹128.37 and ₹133.46 respectively. The uptrend continues into the third quarter of 2023, with the maximum price reaching its peak at ₹232.78 in December 2023, and a growth percentage of around 26.39% from the minimum price.
The minimum price for this period is expected to be around ₹179.06. Overall, the BOB share price target for 2023 suggests a positive outlook for the bank’s stock performance.
Share Price Target 2024 of Bank of Baroda is ₹325.90
| When | Maximum Price | Minimum Price |
| January 2024 | ₹245.03 | ₹188.48 |
| February 2024 | ₹275.31 | ₹229.43 |
| March 2024 | ₹289.80 | ₹235.61 |
| April 2024 | ₹263.46 | ₹202.66 |
| May 2024 | ₹219.55 | ₹168.88 |
| June 2024 | ₹263.46 | ₹202.66 |
| July 2024 | ₹223.94 | ₹173.60 |
| August 2024 | ₹246.33 | ₹195.50 |
| September 2024 | ₹258.65 | ₹198.96 |
| October 2024 | ₹304.30 | ₹234.07 |
| November 2024 | ₹319.51 | ₹245.78 |
| December 2024 | ₹325.90 | ₹250.69 |
According to the table, Bank of Baroda’s share price is expected to continue its bullish trend in 2024. The maximum price for the year is expected to reach ₹325.90 in December 2024, with a growth percentage of around 72.24% from the minimum price.
The minimum price for the year is expected to be around ₹168.88 in May 2024. The share price is expected to fluctuate throughout the year, with a peak in October 2024, reaching ₹304.30. However, the overall trend is positive, with a growth percentage of around 50.42% from the minimum price for the year.
The BOB share price target for 2024 suggests a strong performance for the bank’s stock, making it a potential investment opportunity for investors.
Share Price Target 2025 of Bank of Baroda is ₹395.32
| When | Maximum Price | Minimum Price |
| January 2025 | ₹332.42 | ₹255.71 |
| February 2025 | ₹349.91 | ₹269.16 |
| March 2025 | ₹367.41 | ₹282.62 |
| April 2025 | ₹328.04 | ₹252.34 |
| May 2025 | ₹298.22 | ₹229.40 |
| June 2025 | ₹328.04 | ₹252.34 |
| July 2025 | ₹312.42 | ₹240.33 |
| August 2025 | ₹325.44 | ₹250.34 |
| September 2025 | ₹341.71 | ₹262.86 |
| October 2025 | ₹362.22 | ₹278.63 |
| November 2025 | ₹387.57 | ₹298.13 |
| December 2025 | ₹395.32 | ₹304.09 |
According to the table, Bank of Baroda’s share price is expected to have a continued uptrend in 2025. The maximum price for the year is expected to reach ₹395.32 in December 2025, with a growth percentage of around 55.52% from the minimum price.
The minimum price for the year is expected to be around ₹229.40 in May 2025. The share price is expected to remain relatively stable, with slight fluctuations throughout the year. However, the overall trend is positive, with a growth percentage of around 31.50% from the minimum price for the year.
The BOB share price target for 2025 suggests a consistent performance for the bank’s stock, making it a potential investment opportunity for investors looking for steady growth
Bank of Baroda Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹276.73 | ₹193.71 |
| 2027 | ₹235.22 | ₹164.65 |
| 2028 | ₹423.39 | ₹296.37 |
| 2029 | ₹869.71 | ₹608.80 |
| 2030 | ₹968.54 | ₹677.98 |
It is difficult to accurately predict the share price of Bank of Baroda for the years 2026-2030. However, it is likely that the share price will continue to rise over the next 10 years, due to the company’s sound financial management and good track record of performance in the banking sector. It might reach around ₹968.54 by 2030.
Financial Condition of Bank of Baroda: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing | Best Case | Worst Case |
| Sales | 46,056.42 | 52,906.25 | 78,894.70 | 74,313.98 | 73,385.46 | 80,146.89 | 81,842.28 | 79,208.49 |
| Expenses | 26,093.14 | 25,814.75 | 40,582.82 | 38,635.98 | 37,518.18 | 38,103.00 | 38,909.01 | 41,031.56 |
| Operating Profit | 19,963.28 | 27,091.50 | 38,311.88 | 35,678.00 | 35,867.28 | 42,043.89 | 42,933.27 | 38,176.92 |
| Other Income | 7,992.21 | 7,887.05 | 12,191.33 | 15,253.65 | 14,394.73 | 12,293.81 | – | – |
| Depreciation | 900.69 | 948.25 | 1,697.23 | 1,357.31 | 1,438.24 | – | – | – |
| Interest | 29,160.48 | 32,505.72 | 50,039.89 | 43,201.18 | 38,815.47 | 41,746.05 | 41,746.05 | 41,746.05 |
| Profit before tax | -2,105.68 | 1,524.58 | -1,233.91 | 6,373.16 | 10,008.30 | 12,591.65 | 1,187.22 | -3,569.13 |
| Tax | -193.62 | 437.51 | -2,176.09 | 4,919.27 | 2,308.07 | 2,844.04 | 23% | 23% |
| Net profit | -1,887.11 | 1,100.10 | 927.75 | 1,547.67 | 7,849.69 | 9,839.67 | 919.06 | -2,762.98 |
| EPS | -7.13 | 4.16 | 2.01 | 2.99 | 15.18 | 19.03 | 1.78 | -5.34 |
| Price to earning | -19.95 | 30.94 | 26.67 | 24.76 | 7.35 | 8.92 | 16.93 | 8.92 |
| Price | 142.30 | 128.65 | 53.55 | 74.10 | 111.60 | 169.80 | 30.08 | -47.68 |
The Bank of Baroda (BOB) financial statement for the last five years shows the growth and performance of the company. In terms of revenue growth, the company has seen a significant increase from 46,056.42 crore in March 2018 to 78,894.70 crore in March 2020. However, there was a decrease in revenue in the following two years, with a minimum of 73,385.46 crore in March 2022.
The operating profit has also seen an upward trend, with a maximum of 42,043.89 crore in March 2022 and a minimum of 19,963.28 crore in March 2018. On the other hand, the net profit has seen a fluctuation, with a maximum of 9,839.67 crore in March 2022 and a minimum of -1,887.11 crore in March 2018.
The Earnings Per Share (EPS) has also increased from -7.13 in March 2018 to 19.03 in March 2022. The company has seen a positive revenue growth, but there has been a fluctuation in the profit and loss statement, which has affected the Price to Earning (P/E) ratio.
The maximum P/E ratio was 30.94 in March 2019, and the minimum was -19.95 in March 2018. Overall, the company has seen a positive percentage growth in terms of revenue and profit, but the fluctuation in the profit and loss statement has affected the P/E ratio.
FAQS
Will the share price of Bank of Baroda increase in 2023?
Yes, the per share price of Bank of Baroda will grow and reach ₹232.78 by the December of 2023.
What is the price prediction of shares of Bank of Baroda for the year 2030?
The per share price of Bank of Baroda might reach around ₹968.54 by the end of 2030.
Can BOB touch 200 INR by 2023?
Yes, according to our analysis, BOB can reach 200 INR by the end of 2023.
What is the current market capitalisation of Bank of Baroda?
At the time of writing, the Bank of Baroda share price is trading at ₹170.10 with a market capitalisation of 877.85 billion INR.
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Conclusion
The share price of Bank of Baroda has been steadily increasing since 2023, and many analysts predict that its growth rate will continue to remain strong in the coming years. Given its strong fundamentals, diversified product portfolio, and increased focus on digital banking, Bank of Baroda is likely to remain a strong investment option for the foreseeable future. With the stock expected to benefit from increased demand from both domestic and international investors, it is likely that the share price of Bank of Baroda will continue to rise in the coming years and reach new highs by 2030.
