Bandhan Bank rises 3.08% as Sensex climbs

Bandhan Bank rises 3.08% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of -22.96, while the price-to-book value ratio stood at 3.13.

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Ltd. traded at Rs 272.75 on BSE at 10:15AM (IST) on Friday, up 3.08 per cent from previous close.

The scrip quoted a 52-week low price of Rs 229.65 and a high of Rs 424.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 413,666 lakh shares changed hands on the counter till 10:15AM (IST).

The stock of Bandhan Bank Ltd. commanded a market value of Rs 43617.77 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of -22.96, while the price-to-book value ratio stood at 3.13. Return on equity (ROE) was at 12.66 per cent, according to exchange data.

In the BSE500 pack, 369 stocks traded in the green, while 130 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 39.99 per cent in Bandhan Bank Ltd. as of 30-Sep-2021 while foreign portfolio investors and domestic institutional investors owned 33.61 per cent and 2.45 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 302.14 on January 07, while the 50-DMA was at 281.05. 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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