Bandhan Bank scales record high after strong Q1 outcome

Bandhan Bank surged 5.57% to Rs 593.30 at 15:18 IST on BSE after net profit jumped 47.51% to Rs 481.71 crore on 38.54% rise in total income to Rs 1766.86 crore in Q1 June 2018 over Q1 June 2017.

The result was announced during market hours today, 18 July 2018.

Meanwhile, the S&P BSE Sensex was down 166.46 points or 0.46% at 36,353.50

On the BSE, 3.44 lakh shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past two weeks. The stock hit a record high of Rs 598.50 in intraday trade today, 18 July 2018. The stock has hit a low of Rs 565 so far during the day. The stock had hit a record low of Rs 455 on 27 March 2018.

 

The large-cap bank has equity capital of Rs 1192.80 crore. Face value per share is Rs 10.

Shares of Bandhan Bank settled at Rs 477.20, a premium of 27.25% over the issue price of Rs 375 on its debut on the bourses on 27 March 2018.

Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The bank currently offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.

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