Bandhan Bank Ltd Share Price – NSE  / BSE

Banks, Small Cap

Bandhan Bank Ltd rose for a third straight session today. The stock is quoting at Rs 177.1, up 1.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24460.55. The Sensex is at 80958.35, up 0.14%. Bandhan Bank Ltd has dropped around 2.3% in last one month.

Meanwhile, Nifty Private Bank index of which Bandhan Bank Ltd is a constituent, has dropped around 0.79% in last one month and is currently quoting at 25559.05, up 0.55% on the day. The volume in the stock stood at 49.89 lakh shares today, compared to the daily average of 76.53 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 178.95, up 1.72% on the day. Bandhan Bank Ltd is down 25.88% in last one year as compared to a 17.29% gain in NIFTY and a 5.38% gain in the Nifty Private Bank index.

The PE of the stock is 10.12 based on TTM earnings ending September 24.

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Bandhan Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 165.88, down 3.89% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.Bandhan Bank Ltd has eased around 17.08% in last one month.Meanwhile, Nifty Private Bank index of which Bandhan Bank Ltd is a constituent, has eased around 4.24% in last one month and is currently quoting at 25036, down 0.88% on the day. The volume in the stock stood at 83.43 lakh shares today, compared to the daily average of 141.51 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 166.2, down 3.82% on the day. Bandhan Bank Ltd tumbled 25.31% in last one year as compared to a 20.25% rally in NIFTY and a 7.84% spurt in the Nifty Private Bank index.

The PE of the stock is 9.97 based on TTM earnings ending September 24.

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Ratan Kumar Kesh, who was presiding as the interim MD & CEO of Bandhan Bank since 10 July 2024, will resume his role as the executive director and chief operating officer, with the joining of Sengupta.

Sengupta has successfully led large businesses with a proven expertise in various domains including business, credit, and technology. He is a seasoned banking professional with nearly 40 years of experience, has led large-scale operations across diverse geographies. From 2020 to 2022, he was the MD & CEO of Indian Overseas Bank, where he successfully transformed the business across various verticals. He has spent over three decades in key roles at the State Bank of India, including being the DMD & chief credit officer. He has also held non-executive director roles with entities like YES Bank, ARCIL, Universal Sompo, and Unity Small Finance Bank.

Anup Kumar Sinha, chairman, Bandhan Bank, said, “We are delighted to welcome Partha Pratim Sengupta as the managing director & CEO of Bandhan Bank. His proven track record in the industry will be instrumental in steering Bandhan Bank into its next phase of growth—Bandhan 2.0. His expertise will guide the Bank in strengthening its market position across the country and truly be a Bank for all.”

Partha Pratim Sengupta, MD & CEO of Bandhan Bank, said, “I am honoured to join the Bandhan Bank family. My focus will be on advancing customer-centric solutions, strengthening the business, and fostering innovation to make financial services inclusive and sustainable. The team at Bandhan Bank has done a stellar job over the years and I look forward to working with them to drive growth and deliver value for all stakeholders.”

Bandhan Bank operates as a commercial bank. The bank’s distribution network spans nearly 6,300 outlets. The bank added 7 lakh customers, during the quarter and current customers stand at over 3.50 crore customers. The bank currently has nearly 80,000 employees.

The counter rose 0.77% to end at Rs 183.65 on 1 November 2024.

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The frontline indices traded with major gains in early afternoon trade. The Nifty traded above the 24,450 mark after hitting the day’s low of 24,134.90 in morning trade. Metal shares advanced after declining in past five consecutive trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex surged 1,094.86 points or 1.38% to 80,484.97. The Nifty 50 index jumped 298.20 points or 1.23% to 24,479.

In the broader market, the S&P BSE Mid-Cap index gained 0.80% and the S&P BSE Small-Cap index rose 1.19%.

The market breadth was strong. On the BSE, 2,571 shares rose and 1,264 shares fell. A total of 192 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.20% to 14.31. The Nifty 31 October 2024 futures were trading at 24,460.05, at a discount of 18.95 points as compared with the spot at 24,479

The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 97.1 lakh contracts at the 25,000 strike price. Maximum Put OI of 82.4 lakh contracts were seen at 24,000 strike price.

Buzzing Index:

The Nifty Metal index jumped 2.50% to 9,275.05. The index tumbled 7.22% in past five consecutive trading sessions.

Hindustan Copper (up 5.65%), NMDC (up 4.59%), Adani Enterprises (up 3.88%), Welspun Corp (up 3.28%), Hindustan Zinc (up 3.23%), Vedanta (up 3.1%), JSW Steel (up 2.55%), Steel Authority of India (up 2.38%), National Aluminium Company (up 2.37%) and Hindalco Industries (up 2.22%) advanced.

Stocks in Spotlight :

Bandhan Bank soared 9.15% after the bank reported 29.99% growth in standalone net profit to Rs 937.44 crore on 21.11% rise in total income to Rs 6,094.53 crore in Q2 FY25 over Q2 FY24.

Balkrishna Industries advanced 2.40% after the company reported 4.24% increase in standalone net profit to Rs 349.60 core on 9.45% rise in revenue from operations to Rs 2,436.19 crore in Q2 FY25 over Q2 FY24.

Titagarh Rail Systems (TSRL) added 1.17% after its standalone net profit jumped 20.07% to Rs 85.12 crore in Q2 FY25 as against to Rs 70.89 crore posted in Q2 FY24. Revenue from operations increased by 12.98% to Rs 1,056.95 crore in the second quarter of FY25, compared to Rs 935.45 crore recorded in the corresponding quarter of the previous year.

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