Bandhan Bank shares are trading at price ₹179.45, -1.02% down from the previous closing price. Sensex is trading at ₹79487.57, down by -0.07%. The stock has hit a high of ₹181.95 and a low of ₹178.8 during the day.
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On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 180.96 |
| 10 | 180.02 |
| 20 | 185.78 |
| 50 | 194.38 |
| 100 | 197.56 |
| 300 | 196.90 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹183.03, ₹184.67, & ₹185.56, whereas it has key support levels at ₹180.5, ₹179.61, & ₹177.97.
Till 11 AM today, the volume traded on NSE & BSE for Bandhan Bank was -34.24% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Technical Analysis
The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 10.82% & ROA of 1.34% respectively.The current P/E of the stock is at 10.48 & P/B is at 1.23.
The median 1-year forecasted upside in this share is at 16.47% with a target price of ₹209.00.
The company has a 0.00% promoter holding, 6.71% MF holding, & 22.68% FII holding as per filings in the september quarter.
The MF holding has decreased from 7.11% in june to 6.71% in the september quarter.
The FII holding has decreased from 24.20% in june to 22.68% in the september quarter.
Bandhan Bank share price down -1.02% today to trade at ₹179.45 while its peers are mixed. Its peers such as Bank Of Maharashtra, Punjab & Sind Bank, Karur Vysya Bank, City Union Bank are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.14% & -0.07% each respectively.
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