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    Bandhan Bank shares drop 5.38% as Sensex falls

    Synopsis

    A total of 328,827 shares changed hands on the counter till 01:38PM (IST)

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

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    Shares of the Ltd. traded at Rs 305.2 on BSE at 01:38PM (IST) on Monday, down 5.38 per cent. The stock quoted a 52-week low price of Rs 190.15 and a high of Rs 430.25.

    Earlier in the day, the stock saw a gap down opening.

    At the prevailing price, the stock traded at 18.75 times its trailing 12-month EPS of Rs 16.27 per share and 2.16 times its book value, as per BSE data.

    A total of 328,827 shares changed hands on the counter till 01:38PM (IST). The stock commands a market value of Rs 49108.53 crore and is part of the Banks - Private Sector industry.

    The scrip has been an underperformer , up 40.46 per cent in the past one year in comparison with a 73.44 per cent gain in Sensex.

    During the day, the stock moved between Rs 314.7 and Rs 302.65.

    Promoter/FII Holding
    Promoters held 40.0 per cent in the company as of 31-Dec-2020. FII and MF ownership in Bandhan Bank Ltd. stood at 35.2 per cent and 3.43 per cent, respectively.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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