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Technical Report on Bank of Baroda by Shyam Advisory

November 8, 2021

Bank of Baroda is engaged in providing various services, such as personal banking,
corporate banking, international banking, small and medium enterprise (SME)
banking, rural banking, non-resident Indian (NRI) services and treasury services.


Technical View: The given chart of Bank of Baroda is in to uptrend, RSI is in to
buying zone, RSI divergence clearly indicate buying signal, Formation of double
bottom giving confirmation of the same.
Latest News :- Bank of Baroda signs MoU with NeML, becomes ‘clearing bank’ for
handling financial transactions The partnership is expected to give the bank access
to agriculture marketing federations and to support commodities traders’ businesses
Volume analysis:- Delivery Volume is at 37 % till date, Quantity traded
1,08,30,881. One month delivery volume increased by 63.1% , One day delivery
volume increased by 49.91% over 5 days average.Which indicating positive trend
may continue ; Hence; we recommend “BUY’ signal @ 100 upside target 107 and
108, Stop loss 95.
Shareholding pattern:-


Date 08/11/2021
Note: Increase in DII activity in the stock may indicate some positive momentum
still left in this tape, Hence we may see some good buying from the level of 100 up
to the target of 107 to 110.
Key Statistics
P/E Ratio
10.41
1-Yr Return
52.94
(Best) P/E Ratio
0.00
30 DA Vol (m)
2.40
(Best) PEG Ratio
0.00
EPS (Rs.)
7.12
Shares Outstanding (cr)
5,171.36
Best EPS Curr (Rs.)
11.18
Price/Book Ratio
0.46
Dividend
0.00
Price/Sales Ratio
0.40