Neutral on Bandhan Bank, target price Rs 250: Motilal Oswal
Bandhan Bank with a target price of Rs 250. The current market price of Bandhan Bank Ltd.
is Rs 232.4.
Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 37606.43 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 30-09-2023, the company reported a Standalone Total Income of Rs 5032.19 Crore, up 2.53 % from last quarter Total Income of Rs 4908.03 Crore and up 18.41 % from last year same quarter Total Income of Rs 4249.87 Crore.
The bank reported net profit after tax of Rs 721.17 Crore in latest quarter.
Promoter/FII Holdings Promoters held 39.98 per cent stake in the company as of 30-Sep-2023, while FIIs owned 32.78 per cent, DIIs 13.13 per cent.
