Bandhan Bank stock price up 1.31 per cent as Sensex slides
Bandhan Bank Ltd. rose 1.31 per cent to Rs 192.8 at 10:15AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.
As per data available on BSE, total traded quantity on the counter stood at 458,473 shares with a turnover of Rs 8.8 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.69, 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 194.15 and a low of Rs 188.45 during the session and quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 170.35.
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 216.6 on May 29, while the 50-DMA was at Rs 184.28. 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 59.53. 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-2024, promoters held 39.98 per cent stake in the company, while foreign institutional investors held 31.2 per cent and domestic
