Shares of state-run lender Bank of Baroda Ltd. (BoB) gained as much as 5% to hit an all-time high of ₹292.75 on Monday, November 3, in response to the lender's July-September quarter (Q2 FY26) results.

Brokerages have turned bullish on the stock after the earnings announcement.

HSBC maintained a 'Buy' rating and raised its price target to ₹340. Nomura upgraded the stock to 'Buy' and revised its price target higher to ₹320, while Investec also upgraded Bank of Baroda to 'Buy', increasing its target to ₹325 from ₹250 earlier.

HSBC said the bank's broad-based loan growth, expansion in net interest margin (NIM), and steady asset quality were key positives during the quarter.

The foreign brokerage expects operating performance to remain healthy, with potential upside from further improvemen

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