Bandhan Bank shares gain 1.31% as Sensex rises
Bandhan Bank Ltd. traded 1.31 per cent up at Rs 218.15 at 10:26AM (IST) on Tuesday, even as BSE benchmark Sensex gained 240.08 points to 66830.01.
The scrip had closed at Rs 215.35 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 10:26AM (IST) stood at 10:26AM shares with turnover at Rs 882.0 crore. At the prevailing price, the stock trades at 17.29 times its trailing 12-month earnings per share of Rs 12.6 per share and 1.61 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.
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