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    Bandhan Bank shares gain 0.1% as Sensex rises

    Synopsis

    A total of 250,635 shares changed hands on the counter till 01:01PM (IST)

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Shares of Bandhan Bank Ltd. traded 0.1 per cent up at Rs 242.4 at 01:01PM (IST) on Thursday, even as BSE benchmark Sensex gained 160.19 points to 61435.28. The stock had settled at Rs 242.15 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 349.5 and Rs 209.45, respectively.

    As per BSE data, total traded volume on the counter till 01:01PM (IST) stood at 01:01PM shares with turnover at Rs 6.08 crore.

    At the prevailing price, the stock trades at 11.87 times its trailing 12-month EPS of Rs 20.42 per share and 2.85 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 31-Dec-2022, while FIIs owned 32.39 per cent and DIIs 12.46 per cent.
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