Bandhan Bank rises 1.5% as Sensex slides

Earlier, shares of the company saw a gap up opening in the morning.

A total of 236,525 lakh shares changed hands on the counter till 10:25AM (IST).

The stock of . commanded a market value of Rs 31397.8 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 14.08, 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.

In the BSE500 pack, 341 stocks traded in the green, while 155 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.26.

Promotor/FII Holding
Promoters held 39.98 per cent in Ltd. as of 31-Mar-2024 while overseas and domestic institutional investors owned 31.19 per cent and 8.06 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 211.19 on July 11, while the 50-DMA was at 193.74. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.