Bank of Baroda — Buy Recommendation by JM Financial We now believe BOB offers favourable risk-reward as asset quality improves and RoAs bounce from current suppressed levels. We upgrade BOB to BUY with a TP of INR95.
Karnataka Bank — Buy Recommendation by Anand Rathi Share and Stock Brokers Lower treasury income and higher opex (one-time superannuation expense) led to a ~13 per cent sequential decline in operating profit for Karnataka Bank. With the standstill on NPA recognition, asset quality and PCR improved. With the expected pick-up in earnings in FY22 and limited downside from current levels, we maintain a Buy, at a TP of Rs 85 valuing it at 0.3x P/ABV on its FY23e book.
Wipro Ltd — Hold
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