CMP: 725


Bank of Baroda owns and operates commercial banks in India. The Group's banks provide the traditional forms of banking services, including CD's, Credit Card services and a variety of car loans, in addition to gold banking and a range of insurance services. The Group also owns IBU International Finance Limited, an international banking company in Hong Kong.

Bank of Baroda is a safe bet in large cap space. Its currently trading at a P/E of over 6. Good dividend yields of over 2% in the last 12 months. Revenues have gained from 9,200 Crores to close to 22,000 Crores in the last 5 years. Profits have gained more from 1026 Crores to 4241 Crores backed by NPM growth in the last 5 years. NPM has grown significantly from 11% to 19% over 5 years. Buy, accumulate on dips and hold for long term gains.