bank of baroda (Citi) 4Q11: Strong Headline, Healthy Fundamentals

4Q11 PAT up 43%yoy, strong loans growth, tax refund key supports; P&L: Profits and Margins boost on tax refund; Balance sheet: growth remains aggressive, has capital support, but funding is moderate; Valuations likely capped, maintain Hold
Date Rating Target Price Recommendation Price Broker house
28 Apr 2011 hold 930 940 Citi Report

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