Bandhan Bank Stock Price: Shares of Bandhan Bank rise as Nifty gains

Shares of Ltd. gained 2.87 per cent to Rs 313.8 in Tuesday’s trade as of 10:36AM (IST). It hit a high of Rs 314.95 and low of Rs 309.0 during the session.

The stock quoted a 52-week high price of Rs 430.25 and a low of Rs 190.15. The return on equity for the stock stood at 19.89 per cent. About 259,819 shares have changed hands on the counter so far.

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

The scrip has been an underperformer, up 45.09 per cent in the past one year in comparison with a 74.87 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 190.15 on April 20, while the 50-DMA was at Rs 340.65. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 39.99 per cent stake in Bandhan Bank Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 1.78 per cent and 34.91 per cent stake.

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