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

Economic Times · business

Bank of Baroda shares fell after a sharp 72% drop in Q1 net profit due to a one-off NMC Health settlement. Brokerages cut target prices despite stable core performance. Margins, fee income and upcoming ECL norms remain key concerns, though asset quality and loan growth trends offer some support.