$BANKBARODA

Bank of Baroda shares are expected to remain in focus on Friday after the state-owned lender reached a $600 million (approximately Rs 5,700 crore) out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd, bringing a prolonged legal dispute to a close. The stock fell 4.3 percent in the previous trading session to settle at Rs 259.85 following the announcement. So far in 2026, Bank of Baroda shares have declined 13.6 percent, underperforming the Nifty 50, which has fallen 7.5 percent during the same period. The lender currently has a market capitalisation of around Rs 1.34 lakh crore. Despite the settlement, Nomura has retained its 'Neutral' rating on the stock with a target price of Rs 300, indicating a potential upside of more than 15 percent from current levels. According to the brokerage, the $600 million settlement amounts to nearly 4 percent of Bank of Baroda's net worth. In a regulatory filing on Thursday, the bank said it had entered into an out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd. The agreement resolves legal proceedings pending before the Abu Dhabi Global Market Court of First Instance and the High Court of Justice of England and Wales.