A total of 231,965 shares changed hands on the counter till 01:42PM (IST)

Markets continued to remain indecisive, and this is the typical characteristic of the consolidation phase. Niftys broader trading band of 17,800-18,300 remains intact, hence decisive breakthrough above 18,300 is essential to regain required momentum on upside,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities.

ICICI Direct recommended hold rating on Bandhan Bank with a target price of Rs 265 in its research report dated January 22, 2023.

Emkay Global Financial is bullish on Bandhan Bank has recommended buy rating on the stock with a target price of Rs 300 in its research report dated January 21, 2023.

Motilal Oswal recommended Neutral rating on Bandhan Bank with a target price of Rs 270 in its research report dated January 21, 2023.

As a result, Nuvama Wealth feels the stock should get included in the March review. Adani Wilmar qualifies for inclusion into Nifty Next 50, but if the exchange uses the discretion to give preference to stocks that are part of the derivatives segment, then Nuvama Wealth believes either Trent or TVS Motor can be probable candidates for inclusion in the index.

Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 39698.96 Crore).

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.

Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 39996.96 Crore).

Citigroup downgraded JSW Steel to a sell rating from neutral post December quarter results with a target price of Rs 675.

Net interest income (NII) or the income a bank earns by giving loans, fell marginally by 2.1 percent YoY to Rs 2,080.43 crore. Other income increased nearly 45.74 percent YoY to Rs 1,033.30 crore.

Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 39996.96 Crore).

A total of 407,613 shares changed hands on the counter till 10:00AM (IST)

Bandhan Bank Q3: Total expenditure rose 34.65 percent YoY. Provisions and contingencies jumped 91.32 percent to Rs 1,541.49 crore versus Rs 805.71 crore in the year-ago period.

“The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards," Bandhan Bank MD and CEO Chandra Shekhar Ghosh said.

Anand Rathi is bullish on Bandhan Bank has recommended buy rating on the stock with a target price of Rs 327 in its research report dated January 19, 2023.

Promoters held 39.99 per cent stake in the company as of December 31,2022, while FIIs owned 0 per cent and DIIs 12.46 per cent.

"The domestic market is attempting to gain, in comparison to its weak YTD performance, which was caused in anticipation of a soft Q3 result & Union Budget. We started the third quarter results on a shaky note, but the latest set of financial announcements from IT and banking blue chips are encouraging

A total of 117,280 shares changed hands on the counter till 11:38AM (IST)

Following the report, the stock surged 1.5% to the day's high of Rs 245.90 on Monday. The banking stock has been underperforming since the last one year during which it has lost over 10% of its value.

On the technical charts, the 200-day moving average of the stock stood at Rs 279.61.

While the bank posted double-digit growth in both total advances and deposits year-on-year, CASA deposits declined.

AMFI stock categorization is mainly referred to by active equity mutual fund managers. As the stocks move up from lower categorization to higher (say small-cap to mid-cap and midcap to large-cap), it increases their visibility. Fund managers typically further analyse such stocks and add them as per their rationale while complying with the scheme mandate.

A total of 229,129 shares changed hands on the counter till 12:46PM (IST)

"The change in categorization doesnt necessarily lead to incremental inflow or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes," said Abhilash Pagaria of Nuvama.

The plan to transfer the non-performing assets to an ARC was approved by the bank's board of directors on December 21.

Rural demand is likely to improve because of moderating consumer price inflation, sustained economic growth, expected budgetary push, and migration of the rural population back to urban areas (which would increase remittances from urban to rural India), it said.

The stock traded at a P/E multiple of 9.74, while the price-to-book value ratio stood at 2.85.

Jefferies initiated a buy rating on Medanta (Global Health) with a buy rating and a target price of Rs 550. Medanta is a top-notch healthcare provider with strong brand equity, the brokerage said.

A long negative candle was formed on the daily chart, which indicates a downtrend continuation pattern amidst range movement. We observe overlapping candles over the last few sessions which reflects markets inability to sustain the gains.

At 11.02 am, the scrip was trading 7.6% lower at Rs 224.6 over its last days closing price of Rs 243 apiece. The stock has also fallen nearly 20% in the last six months, while it has plunged about 10% year-to-date.

"As the gap in growth and profitability narrows over next 12-18 months, we see headroom for PSU banks to close the gap on valuations with private banks further and believe a valuation gap of around 0.50% is more sustainable," Jefferies said in a note.

​​The positive side in a very convoluted way though might be that community prices might cool off a bit because of this particular factor and on balance India might actually enjoy one more buffer from the commodity price angle but at the same time not without a lot of complications because of the weaker production momentum from China and weaker global recovery.

The stock quoted a 52-week high price of Rs 349.5 and a 52-week low of Rs 209.45.

The stock traded at a P/E multiple of 10.13, while the price-to-book value ratio stood at 2.85.

“Among private sector banks, we continue to be overweight on both ICICI Bank and HDFC Bank and among PSBs, SBI. In midcap, we have IDFC in our portfolio. We are also adding more weight to some of the defence bets. We are looking more at defence and defence auto ancillaries.”

Whereas the report said stocks that are likely to see upgrades from mid- to large-size and small- to mid-size are largely from cyclical sectors such as — industrials, banks and discretionary consumption.

The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This period saw rising valuations as the Indian equity market rose by over 5% with Nifty and Sensex at record highs.