Bandhan Bank shares drop 0.71% as Sensex falls

Shares of Ltd. traded 0.71 per cent down at Rs 294.25 at 12:35PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 168.82 points to 54385.84. The stock had settled at Rs 296.35 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 430.25 and Rs 251.4, respectively.

As per BSE data, total traded volume on the counter till 12:35PM (IST) stood at 12:35PM shares with turnover at Rs 6.84 crore.

At the prevailing price, shares of the company trades at 23.35 times its trailing 12-month earnings per share of Rs 12.6 per share and 3.13 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.26.

Shareholding Details
Promoters held 39.99 per cent stake in the company as of 30-Jun-2021, while FIIs owned 35.44 per cent and DIIs 1.97 per cent.