Street View: India's Bank of Baroda delivers strong quarter, but risks to momentum persist

By Reuters News

** Bank of Baroda BOB.NS shares rise as much as 5.2% to 250.89 rupees, highest level since August 13

** Lender's Q2 PAT up 36% on strong lending, treasury gains from NSE NSEI.BO stake sale

** 27 of 35 analysts covering BOB rate it "buy" or higher, 5 "hold", 3 "sell"; median PT 290 rupees - LSEG-compiled data

SUSTAINABILITY CHALLENGE REMAINS

** Elara Capital ("buy", PT: 310 rupees) says improving asset quality, adequate capital support behind business momentum; flags exposure to NIM pressures, reliance on non-core income

** Ambit Insights ("buy", PT: 290 rupees) flags risk of uptick in lower-yield corporate lending or resumption of bulk funding

** Emkay Global ("buy", PT: 300 rupees) adds to risk warning: macro slowdown leading to slower credit growth; higher margin contraction; asset-quality disruption in SME space

** Motilal Oswal ("neutral", PT: 270 rupees) and Nomura ("neutral", PT: 270 rupees) raise FY27/28 guidance on higher treasury income and lower provisions

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