Bandhan bank share price: Bandhan Bank stock price up 2.38 per cent as Sensex climbs

Shares of Ltd. rose 2.38 per cent to Rs 326.45 at 01:59PM hours (IST) on Wednesday. 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 282,746 shares with a turnover of Rs 9.07 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 20.0, while the price-to-book value ratio stood at 2.16.

Return on equity (ROE) was at 19.89 per cent, according to exchange data. The stock hit an intraday high of Rs 327.0 and a low of Rs 313.9 during the session and quoted a 52-week high price of Rs 430.25 and a 52-week low of Rs 195.4.

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 336.84 on April 28, while the 50-DMA was at Rs 338.88. 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 47.59. 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-Mar-2021, promoters held 39.99 per cent stake in the company, while overseas investors held 34.91 per cent and domestic institutional investors had 1.9 per cent.

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