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Bandhan Bank shoots up on value buying

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Business Finance

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Bandhan Bank climbed 30.68% to Rs 202.10 on strong buying support after a continuous slide past few sessions.

Shares of Bandhan Bank dropped 33.44% in the past three trading sessions to settle at Rs 154.65 yesterday, 25 March 2020, from its recent close of Rs 232.35 on Friday, 20 March 2020.

The stock is still down by 68.90% from its 52-week high of Rs 650 hit on 29 October 2019.

On a standalone basis, Bandhan Bank's net profit jumped 120.7% to Rs 731.03 crore on a 63.3% surge in total income to Rs 3,075.34 crore in Q3 December 2019 over Q3 December 2018.

Bandhan Bank is a commercial bank, which 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.

The scrip hit an all-time record low at Rs 152.35 yesterday, 25 March 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 12:36 IST
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