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    Bandhan Bank shares gain 1.47% as Sensex falls

    Synopsis

    A total of 127,725 shares changed hands on the counter till 10:10AM (IST)

    Tech View
    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of Bandhan Bank Ltd. traded 1.47 per cent up at Rs 242.0 at 10:10AM (IST) on Friday, even as BSE benchmark Sensex dropped 212.71 points to 63026.18. The stock had settled at Rs 238.5 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 314.75 and Rs 182.2, respectively.

    As per BSE data, total traded volume on the counter till 10:10AM (IST) stood at 10:10AM shares with turnover at Rs 3.05 crore.

    At the prevailing price, shares of the company trades at 17.76 times its trailing 12-month earnings per share of Rs 13.62 per share and 1.61 times its price-to-book value, BSE 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-Mar-2023, while FIIs owned 31.93 per cent and DIIs 13.24 per cent.
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