VERIFIEDET Markets·27 Jul 2026negative

Bank of Baroda shares fall 2% after Q1 earnings. Why are brokerages slashing target prices?

AI Summary

·Bank of Baroda shares declined by 2% following its Q1 earnings report.
·The bank reported a 72% year-on-year decrease in Q1 net profit, attributed to a one-off NMC Health settlement.
·Brokerages have reduced target prices for the stock, citing concerns over margins, fee income, and upcoming ECL norms.