Buy Bandhan Bank, target price Rs 260: JM Financial
Bandhan Bank with a target price of Rs 260. The current market price of Bandhan Bank Ltd. is Rs 197.
Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 31721.61 Crore).
Bandhan Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials For the quarter ended 30-06-2024, the company reported a Standalone Total Income of Rs 6063.36 Crore, up 3.06 % from last quarter Total Income of Rs 5883.46 Crore and up 23.54 % from last year same quarter Total Income of Rs 4908.03 Crore. The bank reported net profit after tax of Rs 1063.46 Crore in latest quarter.
Promoter/FII Holdings Promoters held 39.98 per cent stake in the company as of 30-Jun-2024, while FIIs owned 28.25 per cent, DIIs 15.05 per cent.
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