Bandhan Bank stock price down 2.0 per cent as Sensex climbs
Bandhan Bank Ltd. fell 2.0 per cent to Rs 192.85 at 01:39PM hours (IST) on Thursday. Earlier in the day, the stock saw a start to the session.
As per data available on BSE, total traded quantity on the counter stood at 650,216 shares with a turnover of Rs 12.64 crore till 01:39PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.1, while the price-to-book value ratio stood at 1.34.
Return on equity (ROE) was at 10.33 per cent, according to exchange data. The stock hit an intraday high of Rs 197.9 and a low of Rs 192.8 during the session and quoted a 52-week high price of Rs 263.15 and a 52-week low of Rs 169.45.
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 205.27 on August 29, while the 50-DMA was at Rs 200.96. 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 43.17. 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 30-Jun-2024, promoters held 39.98 per cent stake in the company, while foreign institutional investors held 28.25 per cent and domestic
