Bandhan Bank trading at 11-month low, down 10% in a week

The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday

Shares of Bandhan Bank were quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday in an otherwise firm market. With this, the stock was trading at its lowest level since September 2020. Meanwhile, the S&P BSE Sensex was up 0.79 per cent at 55,997 points at 02:24 pm. 

In the past one week, the market price of Bandhan Bank has declined 10 per cent, as compared to a 0.28 per cent rise in the S&P BSE Sensex.

In the April-June quarter (Q1FY22), Bandhan Bank’s assets under management (AUM) grew