Bandhan Bank hits 6-month high; gains 9% in 3 days post HDFC stake sale

In the past one month, Bandhan Bank has outperformed the market by surging 28 per cent as compared to 5.6 per cent rise in the S&P BSE Sensex

Shares of Bandhan Bank hit six-month high of Rs 335 in an otherwise weak market, up 4 per cent on the BSE in Tuesday's intra-day trade. The stock of the private sector lender rebounded 6 per cent from its intra-day low of Rs 317.40.

The stock hit its highest level since October 2021 and was close to its 52-week high level of Rs 354.10 touched on June 28, 2021. In comparison, the S&P BSE Sensex was down 0.47 per cent at 58,686 points at 02:47 PM.

In the past three trading days, Bandhan Bank has gained 9 per cent