Bandhan Bank Share Price: Bandhan Bank stock price up 2.94 per cent as Sensex slides

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Shares of Ltd. rose 2.94 per cent to Rs 316.45 at 12:03PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 384,570 shares with a turnover of Rs 11.98 crore till 12:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of -30.37, while the price-to-book value ratio stood at 3.13.

Return on equity (ROE) was at 12.66 per cent, according to exchange data. The stock hit an intraday high of Rs 316.55 and a low of Rs 303.5 during the session and quoted a 52-week high price of Rs 371.15 and a 52-week low of Rs 229.65.



The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.26.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 299.03 on January 25, while the 50-DMA was at Rs 279.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 70.99. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2021, promoters held 39.99 per cent stake in the company, while foreign institutional investors held 34.6 per cent and domestic institutional investors had 1.93 per cent.

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Source: The Economic Times
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