Shares of Bandhan Bank fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 210.94.
Shares of . slipped 1.44 per cent to Rs 193.95 in Friday's trade as of 01:29PM (IST). It hit a high of Rs 197.75 and low of Rs 193.7 during the session.The stock quoted a 52-week high price of Rs 263.15 and a low of Rs 169.45. The return on equity for the stock stood at 11.2 per cent. About 600,812 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.26.
The scrip has been an underperformer, down 24.42 per cent in the past one year in comparison with a 28.81 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 169.45 on July 12, while the 50-DMA was at Rs 193.83. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 39.98 per cent stake in . as of 31-Mar-2024. Mutual funds and foreign institutional investors held 8.06 per cent and 31.19 per cent stake.
Source: Stocks-Markets-Economic Times
