Bandhan Bank Shares Rise 1.21% for Third Consecutive Day
Bandhan Bank Ltd spurts 1.21%, gains for third straight session
Business Standard
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Bandhan Bank Ltd's shares increased by 1.21% to ₹167.95 on the National Stock Exchange, marking a third consecutive day of gains. Over the past year, the stock has appreciated by 12.21%, outperforming the NIFTY's 5.18% rise, despite a recent 7.96% decline in the past month.
- 01Bandhan Bank's stock rose 1.21% to ₹167.95.
- 02The stock has gained 12.21% over the past year.
- 03The NIFTY index increased by 0.99% today.
- 04Bandhan Bank's stock has dropped 7.96% in the last month.
- 05The stock's price-to-earnings ratio is 26.55.
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As of 12:49 IST, Bandhan Bank Ltd's shares are trading at ₹167.95, reflecting a 1.21% increase for the day and marking the third consecutive session of gains. Over the past year, the stock has appreciated by 12.21%, significantly outperforming the NIFTY index, which has risen by only 5.18% during the same period. However, the stock has experienced a 7.96% decline in the last month, while the Nifty Private Bank index, which includes Bandhan Bank, has dropped by 1.09%. Today's trading volume for Bandhan Bank stood at 36.2 lakh shares, well below the monthly average of 120.14 lakh shares. The benchmark April futures contract for the stock is quoted at ₹168.77, up 1.45% for the day. The stock's price-to-earnings ratio is currently 26.55, based on trailing twelve-month earnings ending December 2022.
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The rise in Bandhan Bank's stock price may reflect positive investor sentiment, potentially influencing local investors and stakeholders in the banking sector.
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