On Wednesday, Bandhan Bank’s stock was down by 2.32%, trading at Rs 151.40 at 12:06 PM (IST). This happened while the Sensex, a key market index, fell by 572.7 points to reach 77,626.41. The stock had previously closed at Rs 155.00.
In the last year, Bandhan Bank’s shares reached a high of Rs 252.45 and a low of Rs 150.85. According to data from NiftyStat, 12,06,000 shares were traded by noon, generating a turnover of Rs 7.69 crore.
Currently, Bandhan Bank’s stock trades at 8.73 times its earnings per share over the last 12 months, which is Rs 17.31. This means investors expect the bank to grow in the future. Its price-to-book ratio is 1.34, indicating what investors are willing to pay for the company’s assets, even if there is no expected growth.
The stock has a beta value of 1.2618, which shows it is more volatile compared to the overall market.
As of September 30, 2024, promoters own 39.98% of the company, foreign institutional investors (FIIs) hold 26.73%, and domestic institutional investors (DIIs) have 16.33%.
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