Bandhan Bank Ltd. rises 1.67% as Sensex climbs

Bandhan Bank Ltd. rises 1.67% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 21.13, while the price-to-book value ratio stood at 2.16.

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Shares of Ltd. traded at Rs 344.4 on BSE at 10:41AM (IST) on Thursday, up 1.67 per cent from previous close.

The scrip quoted a 52-week low price of Rs 164.0 and a high of Rs 430.25.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 60,626 lakh shares changed hands on the counter till 10:41AM (IST).

The stock of Bandhan Bank Ltd. commanded a market value of Rs 55364.86 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 21.13, 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.

In the BSE500 pack, 405 stocks traded in the green, while 95 stocks were in the red.

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

Promotor/FII Holding
Promoters held 40.0 per cent in Bandhan Bank Ltd. as of 31-Dec-2020 while overseas and domestic institutional investors owned 35.2 per cent and 3.43 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 337.64 on April 01, while the 50-DMA was at 339.58. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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