India's Bank of Baroda gains after Citi sees 36% rise in 3 months on earnings momentum

Shares of state-owned lender Bank of Baroda BOB.NS rise 5% to 231.3 rupees

BOB is the top gainer in public sector bank index .NIFTYPSU, which is up 2.5%

Citi Research reiterates "buy" on BOB and expects share price to gain 36.3% in the next three months

Says BOB's advances growth will be at the higher end of the guidance and net interest margins will stabilise

Expects BOB's loan growth to sustain its momentum, while slippages are expected to be under control due to minimal corporate street and favourable rural demand

The average rating of 29 analysts tracking BOB is "buy"; the median price target is at 274 rupees

BOB shares are down 4% in 2025 so far, mirroring the drop in NIFTYPSU