Bandhan Bank stock price up 1.02 per cent as Sensex climbs
Bandhan Bank Ltd. rose 1.02 per cent to Rs 220.95 at 11:52AM hours (IST) on Tuesday. 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 811,442 shares with a turnover of Rs 17.83 crore till 11:52AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.86, while the price-to-book value ratio stood at 1.34.
Return on equity (ROE) was at 11.2 per cent, according to exchange data. The stock hit an intraday high of Rs 222.3 and a low of Rs 216.45 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 208.01 on July 30, while the 50-DMA was at Rs 196.77. 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 65.42. 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 79.96 per cent stake in the company, while FIIs held 56.49 per cent and domestic institutional investors
