On February 27 2025, Bandhan Bank opened its shares to the market with a surge of 7% from its previous close. This is likely because of the new Managing Director and CEO, Partha Pratim Sengupta. Investors are clearly happy with the appointment.
Bandhan Bank’s share reported Rs. 140.60 at the opening bell, which is 7% noticeably higher than its previous close at Rs.135.34. RBI’s newly implemented relaxations on loans and the changes in the Bandhan Bank’s management may have contributed to this surprising jump. If you’re unsure of buying or selling, look at the facts below before you decide.
Bandhan Bank Share Price in Today’s Market
Currently, at 11 a.m., Bandhan Bank’s share price is 140.41, which is 3.6% higher than the previous close. And 0.13% higher than its opening rate. According to the reports and estimates on Money Control, the current market capitalization shows 22, 601; the UC Limit stands at 148.87; and the LC Limit is 121.80.
Company Financials
Bandhan Bank released its Q3 financial statements on January 31 and reported a net profit of Rs. 426.49 crore. Due to a decline in the Bank’s asset quality, higher expenses, and higher provisions towards bad loans, the gross net-performing assets (GNPA) declined to ₹6,179 crore. The net NPA stood at Rs.1,637 crore, net interest income (NII) was reported to be Rs. 2,830 crore. And the quarter’s net interest margin (NIM) was 6.9%.
Recent News About Bandhan Bank
- Analysts speculate that as RBI eases risk weights for loans to NBFCs, CET1 will improve by 2.5 percentage points from 13.8% to 16.3%.
- Anil Singhvi, a market expert, said that the RBI’s renewed policy on loans will significantly boost banks, especially Bandhan Bank.
Bandhan Bank Share Price Target
According to analysts, Bandhan Bank’s monthly share price target ranges from Rs. 155 to Rs. 220. Trendline estimates a target of 183.67, and Consensus estimates an upside of 29.71% from the last price of 141.60.
Should You Buy, Sell, Or Hold?
The change in the Bank’s shares is impressively higher. However, analysts and experts still provide mixed reports on Money Control and Trendlyne. On Money Control, 40% of analysts recommend buying, 28% suggest holding on, and 8% say selling. Before deciding as an investor, consider IREDA’S long-term performance and consult your analyst to make your perfect move.
