Bank of Baroda (BoB) shares zoomed 10 per cent on Monday after the second-largest state-run lender logged a 59 per cent year-on-year jump in net income at Rs 3,313 crore for the September quarter. The net income increased as a result of improvement in asset quality along with margin expansion. The scrip surged 10 per cent or Rs 14.45 to trade at Rs 159 in early trade. The counter was also the top gainer in the Nifty Bank. Earlier on Friday, the share of BoB had closed at Rs 144.55. 

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Several brokerages have maintained a 'Buy' rating and raised the target for the scrip. Brokerage firm CLSA, has raised the target to Rs 185 from Rs 155. Similarly, Morgan Stanley has maintained an 'overweight' rating with the new target price of Rs 195. While Citi has maintained a 'buy' rating with a new target of Rs 164, Macquaire has maintained a 'Neutral' rating with a target of Rs 115. 

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