Bandhan Bank shares drop 1.9% as Sensex falls

Shares of Bandhan Bank Ltd. traded 1.9 per cent down at Rs 240.25 at 01:42PM (IST) on Friday, even as BSE benchmark Sensex dropped 1047.68 points to 59157.38. The scrip had closed at Rs 244.9 in the previous session.

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

As per BSE data, total traded volume on the counter till 01:42PM (IST) stood at 01:42PM shares with turnover at Rs 5.56 crore.

At the current price, shares of the company trades at 12.0 times its trailing 12-month earnings per share of Rs 20.42 per share and 2.85 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.26.

Shareholding Details
Promoters held 39.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 28.34 per cent and DIIs 12.46 per cent.