Bandhan Bank stock price down 0.6 per cent as Sensex slides
As of 31-Mar-2024, promoters held 39.98 per cent stake in the company, while FIIs held 31.19 per cent and domestic institutional investors had 8.06 per cent.
Shares of . fell 0.6 per cent to Rs 180.0 at 11:56AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.As per data available on , total traded quantity on the counter stood at 246,042 shares with a turnover of Rs 4.44 crore till 11:56AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.97, 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 181.9 and a low of Rs 179.05 during the session and quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 170.35.
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 219.18 on May 08, while the 50-DMA was at Rs 187.46. 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 42.63. 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.
Promoter holding
As of 31-Mar-2024, promoters held 39.98 per cent stake in the company, while FIIs held 31.2 per cent and domestic institutional investors had 12.42 per cent.
Source: Stocks-Markets-Economic Times
