Bank of Baroda shares jump 5% after Q2 net profit rises 36%. What Nomura and other brokerages saying?

What happened: Bank of Baroda's Q2 net profit rose 36% to Rs 6,532 crore, helped by Rs 1,340 crore from selling a partial stake in NSE. Brokerages issued mixed ratings after the result. Key numbers: Net profit Rs 6,532 crore vs Rs 4,809 crore YoY. NII up 9% to Rs 13,026 crore. NIM fell to 2.74% from 2.96%. Nomura Neutral, target cut to Rs 270 from Rs 280. Systematix Buy, target Rs 285. Why it matters: Systematix said profit was nearly 28% above its estimate, while Dolat Capital flagged lower NIMs than peers and expected ECL provisions keeping ROAs at 0.9% levels.

Bank of Baroda's Q2 net profit rose 36% to Rs 6,532 crore, helped by Rs 1,340 crore from selling a partial stake in NSE. Brokerages issued mixed ratings after the result.

Systematix said profit was nearly 28% above its estimate, while Dolat Capital flagged lower NIMs than peers and expected ECL provisions keeping ROAs at 0.9% levels.