Bandhan Bank snaps 6-day losing streak

Bandhan Bank spurted 10.30% to Rs 221.80, snapping recent sharp losses triggered by broader market meltdown.

Shares of Bandhan Bank tumbled 46.72% in the past six trading sessions to settle at Rs 200.55 yesterday, 19 March 2020, from its close of Rs 376.45 on Wednesday, 11 March 2020.

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 stock has slumped 65.87% from its 52-week high of Rs 650 hit on 29 October 2019.

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