Bank of Baroda (532134.IN) shares have fallen 17% during the last two months as investors fretted over the Indian lender’s soured loans. Nomura sees the dip as a good buying opportunity and it has upgraded the second biggest government-controlled bank from neutral to buy. One reason analyst Adarsh Parasrampuria likes this stock is that the

Bank of Baroda (532134.IN) shares have fallen 17% during the last 8 weeks as investors fretted within the Indian lender’s soured loans. Nomura sees the dip as a good buying opportunity and contains upgraded the second largest government-controlled bank from neutral to purchase. One good reason analyst Adarsh Parasrampuria likes this stock could be that