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    Bandhan Bank declines 1.78% as Sensex climbs

    Synopsis

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

    Trading guideGetty Images
    Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
    Shares of Bandhan Bank Ltd. traded at Rs 242.9 on BSE at 01:14PM (IST) on Monday, down 1.78 per cent from previous close.

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

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 206,628 lakh shares changed hands on the counter till 01:14PM (IST).

    The stock of Bandhan Bank Ltd. commanded a market value of Rs 39077.67 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 10.13, while the price-to-book value ratio stood at 2.85. Return on equity (ROE) was at 0.72 per cent, according to exchange data.

    In the BSE500 pack, 250 stocks traded in the green, while 251 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 1.26.

    Promotor/FII Holding
    Promoters held 39.99 per cent in Bandhan Bank Ltd. as of 30-Jun-2022 while foreign portfolio investors and domestic institutional investors owned 35.64 per cent and 6.73 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 282.79 on December 19, while the 50-DMA was at 243.58. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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