Bandhan Bank stock price up 0.47 per cent as Sensex slides

Shares of Bandhan Bank Ltd. rose 0.47 per cent to Rs 237.0 at 12:56PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 210,805 shares with a turnover of Rs 4.99 crore till 12:56PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.45, while the price-to-book value ratio stood at 1.61.

Return on equity (ROE) was at 0.72 per cent, according to exchange data. The stock hit an intraday high of Rs 239.5 and a low of Rs 233.5 during the session and quoted a 52-week high price of Rs 314.75 and a 52-week low of Rs 182.2.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.26.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 241.65 on June 26, while the 50-DMA was at Rs 243.23. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 37.79. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2023, promoters held 39.99 per cent stake in the company, while FIIs held 31.93 per cent and domestic institutional investors had 13.24 per cent.