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Bandhan Bank Ltd (BANDHANBNK)

₹179.65.42%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Bandhan Bank Ltd share Performance

  • ₹176.55
    ₹190.4
    ₹179.6
    downward going graph

    1.70%

    Low

    Day's Volatility:7.71%

    High

    6.01%

    downward going graph
  • ₹170.3
    ₹272
    ₹179.6
    downward going graph

    5.18%

    Low

    52 Weeks Volatility:56.63%

    High

    51.45%

    downward going graph
1 Month Return+ 9.23 %
3 Month Return-5.43 %
1 Year Return-22.27 %
Previous Close₹189.90
Open₹190.00
Volume4.00Cr
Upper Circuit-
Lower Circuit-
Market Cap₹30,592.32Cr

Analyst Rating

based on 21 analysts

HOLD
38.10%
Buy
33.33%
Hold
28.57%
Sell

Based on 21 analysts offering long term price targets for Bandhan Bank Ltd. An average target of ₹220.86

Source: S&P Global Market Intelligence

Company Information

Bandhan Bank is an Indian commercial bank that specializes in providing financial services to underserved and underpenetrated markets in the country. Formed in 2001 as a non-governmental organization (NGO), the bank obtained its banking license from the Reserve Bank of India (RBI) in 2015 and initiated its general banking operations. It has since acquired more than 850 branches in the East and North East regions and 2546 Door Step Service Centres (DSCs). During FY 2017-18, it forayed into the gold loan business and established 60 branches. It went public in March 2018 and has received various awards like the Noteworthy Lender to the MSE– Private Sector Bank at the SIDBI ET MSE Awards 2018 and the Best Performing Bank in terms of Aadhaar generation and update using online client at the Aadhaar Excellence Awards in October 2018. As of March 2021, the bank has 5310 banking outlets comprising 1147 branches and 3636 Banking Units and 487 ATMs across the country. In FY 2021, the total deposits increased 36.6% to Rs. 77972.2 crore and 751 new banking outlets were opened with a focus on geographies outside East and North East India. The Bank also launched several new products and services such as Neo Savings Account, three new Current Account products, housing loans and Direct Sales Agent (DSA) Channel for sourcing home loans. It has also installed 1630 Electronic Draft Capture Point of Sale (EDC-PoS) terminals and conducted transactions worth Rs. 5374.19 crore.

Share Price: ₹179.60 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹30,592.32Cr as of today
Listing date: 27 Mar, 2018
Chairperson Name: Anup Kumar Sinha
OrganisationBandhan Bank Ltd
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Bandhan Bank Ltd

  • Bandhan Bank Stock Falls Ahead of Q4 Results - 16 May, 2024

    Shares of Bandhan Bank fell nearly 5% and the stock price slipped 7% as investors await the bank's Q4 results. Analysts expect a marginal fall in YoY Q4 profit, with other income falling 10.8% YoY. The resignation of MD & CEO Chandra Shekhar Ghosh is also considered a negative surprise for the lender.

  • Bandhan Bank Rises on Stable Financial Performance Expectations - 15 May, 2024

    Bandhan Bank Ltd has risen for the fifth consecutive session, with analysts expecting a stable financial performance driven by strong growth in its microfinance business and improved asset quality despite higher cost of funds affecting margins.

  • Bandhan Bank Officer's Aggressive Behavior Sparks Outrage - 10 May, 2024

    A video of a Bandhan Bank officer, Kunal Bhardwaj, reprimanding a junior employee in an aggressive manner went viral. The bank condemned the behavior and affirmed its commitment to upholding values.

  • Bandhan Bank Officer's Outburst Recorded; Nifty Bank Falls Over 1% - 09 May, 2024

    Bandhan Bank officer Kunal Bhardwaj was recorded shouting at a junior employee for not meeting their targets. Meanwhile, the Nifty Bank index fell over 1% due to weak global cues, but Bandhan Bank saw some buying activity.

  • Bandhan Bank Faces Controversy Amidst Stake Sale by Marshall Wace - 06 May, 2024

    Officers of Bandhan Bank were caught on camera using abusive language and intimidating their juniors. Meanwhile, British hedge fund Marshall Wace sold its stake worth ₹220 crore in the bank as part of a larger sale of stakes in 21 Indian companies for over ₹2,300 crore.

  • Uncertainty Surrounds Bandhan Bank Amidst CEO Resignation and Stake Sale Considerations - 29 Apr, 2024

    Bandhan Bank faces uncertainty as its outgoing MD & CEO considers a partial divestment in Bandhan Financial Services. Additionally, Chandra Shekhar Ghosh's resignation may delay the bank's recovery in underlying business and earnings, causing investors to be cautious about the bank's growth and profitability.

  • Bandhan Bank CEO explores selling stake in Bandhan Financial Services - 28 Apr, 2024

    Chandra Shekhar Ghosh, the MD & CEO of Bandhan Bank, is exploring possibilities to sell a part of his stake held by the promoter group in Bandhan Financial Services. The non-bank core investment company holds shares of Bandhan Bank through Bandhan Financial Holdings Limited. Ghosh announced his decision to step down from the post of MD & CEO on July 9, 2024.

  • Societe Generale Buys Stake in Bandhan Bank as Net Profit Rises - 24 Apr, 2024

    Societe Generale has acquired a 0.75% stake in Bandhan Bank for Rs. 219.06 crore, while Marshall Wace Investment Strategies sold its shares. The bank's Q3 FY23-24 net profit rose by 152% to Rs. 733 crore, and revenue from operations grew by around 22.5%.

  • Bandhan Financial Holdings Completes Acquisition of Aegon Life - 20 Apr, 2024

    Bandhan Financial Holdings, the promoter of Bandhan Bank, has completed the acquisition of Aegon Life to expand its reach beyond banking and mutual funds. The private life insurer, now known as Bandhan Life Insurance, plans to add 1,000 employees to its team and become a leading multi-channel insurance company in India over the next five years.

  • Bandhan Bank Stock Hits New Low Amidst CEO Retirement News - 19 Apr, 2024

    Bandhan Bank's stock hits a new one-year low amidst news of CEO Chandra Shekhar Ghosh's retirement in July 2024. Technical analysts advise caution while the bank acquires Aegon Life Insurance and renames it as Bandhan Life.

  • Bandhan Bank Stocks Volatile After CEO Retirement Announcement - 18 Apr, 2024

    Bandhan Bank's stocks have been volatile since the announcement of CEO Chandra Shekhar Ghosh's retirement upon completion of his current term on July 9, causing a nearly 12% drop in stock price. Despite being the eighth most valued bank, the stocks' performance has disappointed investors since its debut.

Fundamentals of Bandhan Bank Ltd

Insights on Bandhan Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 10.41% to 16.33% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 39.98% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 114.1% return, outperforming this stock by 147.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 39.9% return, outperforming this stock by 62.2%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 30.69% to 27.14% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, BANDHANBNK stock has moved down by -22.3%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 9.63% to 8.06% in Mar 2024 quarter

Mutual Fund Holdings

Funds Holdings
Aditya Birla Sun Life Frontline Equity Fund Direct Plan GrowthAditya Birla Sun Life Frontline Equity Fund Direct Plan Growth0.8%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.37%
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth2.04%
SBI Arbitrage Opportunities Fund Direct GrowthSBI Arbitrage Opportunities Fund Direct Growth0.42%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth0.64%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
39.98%
0.00
Foreign Institutions
27.14%
0.00
Mutual Funds
8.06%
0.00
Retail Investors
16.33%
0.00
Others
8.48%
0.00

Technicals of Bandhan Bank Ltd share

News & Events of Bandhan Bank Ltd

News

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Bandhan Bank Ltd (BANDHANBNK) share price today is ₹179.6

Bandhan Bank Ltd is listed on NSE

Bandhan Bank Ltd is listed on BSE

  • Today’s highest price of Bandhan Bank Ltd is ₹190.4.
  • Today’s lowest price of Bandhan Bank Ltd is ₹176.55.

Today’s traded volume of Bandhan Bank Ltd(BANDHANBNK) is 4.00Cr.

Today’s market capitalisation of Bandhan Bank Ltd(BANDHANBNK) is ₹30592.32Cr.

Bandhan Bank Ltd(BANDHANBNKPrice
52 Week High
₹272
52 Week Low
₹170.3

Bandhan Bank Ltd(BANDHANBNK) share price is ₹179.6. It is down -33.97% from its 52 Week High price of ₹272

Bandhan Bank Ltd(BANDHANBNK) share price is ₹179.6. It is up 5.46% from its 52 Week Low price of ₹170.3

Bandhan Bank Ltd(BANDHANBNKReturns
1 Day Returns
-10.3%
1 Month Returns
9.23%
3 Month Returns
-5.43%
1 Year Returns
-22.27%