Bandhan Bank Share Price Movement and Analysis

Bandhan Bank's share price has seen significant fluctuations over the years, influenced by various market and economic factors.

The bank's initial public offering (IPO) in 2018 was a major milestone, with the share price listing at Rs 375 per share.

Bandhan Bank's market capitalization has grown steadily since its IPO, reaching Rs 73,000 crore in 2020.

Despite some volatility, the bank's share price has generally trended upwards, reflecting its growing presence in the Indian banking sector.

Bandhan Bank has reported an impressive EPS growth of 0.37% over the past three years. This growth is a testament to the bank's stability and financial health.

The bank's revenue has seen a significant increase, reaching 208,904.10 crore in the trailing twelve months, a 10.71% rise compared to the previous fiscal year. This growth is a result of the bank's strategic expansion and diversification.

Here's a breakdown of the bank's revenue growth over the past year:

As you can see, the bank's revenue has consistently increased over the past year, with a notable spike in the March 2023 quarter. This growth is a positive sign for the bank's future prospects.

Despite the revenue growth, the bank's profit growth has been relatively modest, with a 1.69% increase expected for the third quarter. However, the bank's financial health is not solely dependent on its profit growth, but also on its ability to manage its expenses and maintain a healthy balance sheet.

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Bandhan Bank's stock price has dropped by 2.15% today, currently trading at ₹170.6.

This decline is in line with its competitors, including Bank of Maharashtra, Punjab & Sind Bank, Karur Vysya Bank, and City Union Bank, which are also experiencing declines today.

The benchmark indices Nifty and Sensex have decreased by 0.38% and 0.29%, respectively.

Here's a snapshot of Bandhan Bank's current stock performance compared to its peers:

Bandhan Bank's 52-week high is ₹263.15, while its 52-week low is ₹163.0.

In comparison, Bank of Maharashtra's 52-week high is ₹73.5 and its 52-week low is ₹43.06.

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Analyzing trading volume alongside price is crucial for identifying trends. An increase in price accompanied by higher volume typically indicates a sustainable upward trend.

A decline in price with increased volume may signal a potential further drop in prices. This can be seen in the case of Bandhan Bank, where a decrease in volume of 42.27% and 54.85% was observed at 2 PM and 12 AM respectively, accompanied by a decline in price.

The hourly support and resistance levels to watch out for are as follows:

In the last hour, Bandhan Bank experienced a decline, breaching several support levels on an hourly timeframe.

Bandhan Bank has a significant presence in India, with operations in 35 out of 36 states and union territories.

The bank has a wide network of banking outlets, with nearly 6,300 locations across the country.

As of December 31, 2024, Bandhan Bank has mobilized deposits of ₹1,41,002 crore.

Its total advances stand at ₹2,72,929 crore as of the same date.

The bank has a strong focus on inclusive banking, serving the unbanked and under-banked segments of the country.

A notable 73% of its branches are situated in rural and semi-urban areas, indicating its commitment to reaching out to these underserved communities.

Bandhan Bank's equity shares are listed on both the BSE and the NSE.

The bank is an associate of Bandhan Financial Holdings Limited (BFHL), which holds a 39.99% stake in the bank as of December 31, 2021. BFHL is a wholly owned subsidiary of Bandhan Financial Services Limited (BFSL).

Other major shareholders of the bank as of December 31, 2021, include Housing Development Finance Corporation Limited (9.89%), and Caladium Investment Pte. Limited (7.79%).

The shareholding pattern of Bandhan Bank reveals that the promoter group (BFHL) has maintained a consistent stake of 39.99% since March 2022.

Here's a breakdown of the shareholding pattern as of December 2024:

The number of shareholders has also increased over the years, with 8,61,228 shareholders as of December 2024, compared to 4,58,163 shareholders in March 2022.

The shareholding pattern shows a significant shift in the ownership structure of the bank, with the promoter group's stake decreasing from 82.28% in March 2018 to 39.98% in December 2024.

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Bandhan Bank's share price is trading at ₹170.7, a decline of -2.09% from yesterday's ₹174.35.

The stock has crossed the key daily support price level of ₹171.24, indicating significant selling pressure.

This selling pressure can cause the price to decline further, potentially impacting investors who bought the stock at a higher price.

Bandhan Bank is currently trading at ₹170.7, which is a decrease of 2.09% from its previous day's price.

As the trading day unfolds, it's essential to keep an eye on trading volume. A significant drop in volume can signal a change in market sentiment.

Volume traded down 55.27% from yesterday is a notable trend. This is evident in the case of Bandhan Bank, where the trading volume has decreased by 55.27% compared to yesterday.

A decline in trading volume can indicate a lack of interest in the stock, which may lead to a further decline in price. This is reflected in the Bandhan Bank's stock price, which has declined by 1.06% to ₹172.5.

Analyzing trading volume alongside price is crucial for understanding market trends. An increase in price accompanied by higher volume typically indicates a sustainable upward trend, while a decrease in price with elevated volume may signal a potential further decline.

To better understand the current market sentiment, let's take a look at the hourly support and resistance levels for Bandhan Bank.

Bandhan Bank is trading down -0.37% from yesterday's price of ₹174.35, currently at ₹173.7.

This drop in price is a significant change, and it's essential to understand the current market situation. The share price is still trading between the key support and resistance levels of ₹173.63 and ₹176.02.

If the price crosses the support of ₹173.63, we can expect a further bearish movement, which means the price might continue to drop.

Bandhan Bank's stock price has been moving between 171.98 and 170.68 in the last hour, suggesting a rangebound trading environment.

Traders might consider buying close to the hourly support level of 170.68 and selling near the hourly resistance level of 171.98, as this strategy can be effective in rangebound markets.

The hourly support and resistance levels to watch out for in the next hour are:

A decrease in the futures price, coupled with an increase in open interest for Bandhan Bank, indicates the possibility of a downward price trend in the near term, suggesting traders may consider maintaining their short positions.

Bandhan Bank's stock reached a low of ₹170.1 and a high of ₹174.4, indicating a trading range of ₹4.3 for the day.

This moderate volatility in the stock's performance suggests that investor sentiment and market dynamics are playing a significant role in shaping the stock's movement.

The trading range of ₹4.3 is a notable aspect of the stock's performance, indicating that the stock is relatively stable but still susceptible to fluctuations.

Bandhan Bank's stock closed the day at ₹170.6, a 2.15% lower than the previous closing price.

The key resistances to watch for in the next trading session are 173.34, 175.98, and 177.64, while the key support levels could be found at 169.04, 167.38, and 164.74.

Here are the key resistances and support levels in a table for easy reference:

The trading volume has dropped by 38.60% compared to yesterday, while the stock price is at ₹170.6, reflecting a decrease of 2.15%.

Bandhan Bank's short term trend is Bearish, which is a key consideration for investors looking to buy or sell the stock.

In fact, the technical analysis of Bandhan Bank's shares reveals a Bearish short term trend.

Bandhan Bank's long term trend is also Bearish, indicating a potential decline in the stock's value over time.

This Bearish long term trend is a significant factor to consider when making investment decisions.

The hourly movement of Bandhan Bank's stock price can be quite volatile. In the last hour, the stock price dropped below the hourly support level of 170.68, which may suggest a negative outlook.

Traders might consider reducing long positions and monitoring for additional support levels at 170.42 and 169.98. This is especially true if the stock price continues to move downward.

The hourly support and resistance levels to watch out for in the next hour are as follows:

A decrease in the futures price, coupled with an increase in open interest for Bandhan Bank, indicates the possibility of a downward price trend in the near term.

Bandhan Bank has a consensus analysts rating of Buy, indicating that the majority of analysts expect the stock to perform well in the future.

The median price target among analyst estimates is ₹201.0, which is 17.82% higher than the current market price. This suggests that analysts are optimistic about the stock's potential for growth.

Here's a breakdown of the analyst recommendation trend:

The simple moving average for Bandhan Bank has been steadily increasing over the past few months.

Looking at the 5-day moving average, we can see that it's currently at 176.31.

The 10-day moving average is slightly lower at 173.38.

The 20-day moving average is also lower at 171.61.

On the other hand, the 50-day moving average is significantly higher at 181.26.

The 100-day and 300-day moving averages are even higher, at 191.08 and 191.28 respectively.

Here's a summary of the moving averages:

Bandhan Bank's share price has been on a downward trend, decreasing by 0.66% and currently trading at ₹173.20. This is a significant drop from the past year, where the shares have plummeted by 26.30%.

In the past week, the share price has dropped by 2.04%, which is a notable decline. Over the past three months, the price has decreased by 10.87%, and in the last six months, it has fallen by 11.22%.

The year-to-date (YTD) performance is also concerning, with a drop of 27.75%. This is a stark contrast to the Nifty index, which has increased by 17.36% over the same period.

Here's a summary of Bandhan Bank's performance over different time periods:

The Buy Rating for Bandhan Bank is a strong indicator of the stock's potential for growth. The current consensus analysts rating is Buy, with 9 out of 17 analysts recommending a Buy rating.

The median price target is ₹201.0, which is 17.82% higher than the current market price. This suggests that analysts are optimistic about the stock's future performance.

Here's a breakdown of the ratings trend over the past few months:

The highest target price among analyst estimates is ₹250.0, indicating a significant upside potential for the stock.

Credit ratings play a crucial role in assessing a company's creditworthiness.

Several rating updates have been made by credit rating agencies such as Crisil and ICRA.

Crisil updated the credit rating on 13 Dec 2024, 15 Dec 2023, and 12 Jul 2023.

ICRA, on the other hand, updated the credit rating on 1 Oct 2024, 19 Oct 2023, and 28 Oct 2022.

Here's a list of all the rating updates made by these agencies:

These updates demonstrate the importance of regular credit rating assessments in the financial industry.

The support and resistance levels for Bandhan Bank are crucial in determining the stock's trend.

The key support and resistance levels for Bandhan Bank on the daily timeframe are derived from the classic pivot table.

The support levels are at ₹173.63, ₹172.77, and ₹171.24, while the resistance levels are at ₹176.02, ₹177.55, and ₹178.41.

Here's a breakdown of the support and resistance levels:

These support and resistance levels can help you make informed decisions about buying or selling Bandhan Bank shares.