Bandhan Bank stock price up 1.53 per cent as Sensex slides
Bandhan Bank Ltd. rose 1.53 per cent to Rs 244.5 at 10:10AM 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 124,987 shares with a turnover of Rs 3.03 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 19.37, while the price-to-book value ratio stood at 1.61.
Return on equity (ROE) was at 11.2 per cent, according to exchange data.
The stock hit an intraday high of Rs 244.95 and a low of Rs 239.5 during the session and quoted a 52-week high price of Rs 275.25 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 234.09 on October 16, while the 50-DMA was at Rs 239.6.
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 48.82. 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.
