Bank of Baroda (BOB) stock is a good buy at current level with a view of 3 years, latest stock price, PE & book value
The Bank of Baroda (BOB) stock is a good ‘buy’ for investors with a three-year holding period. While bad loans have been a problem for most public sector banks, BOB has low net non-performing assets.
At the current price of Rs 635, the price-to-earnings multiple works out to 4.54 times the estimated FY14 earnings.
A unique aspect of BOB’s business is its growing international loan book (close to 30 per cent) which is mainly trade credit and lending to Indian businesses. This has also helped loan growth.
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