Banking and finance

Shares of Bandhan Bank rise as Nifty gains

Shares of Ltd. gained 0.68 per cent to Rs 297.4 in Tuesday’s commerce as of 12:50PM (IST). It hit a excessive of Rs 298.55 and low of Rs 292.7 in the course of the session.

The inventory quoted a 52-week excessive value of Rs 430.25 and a low of Rs 259.4. The return on fairness for the inventory stood at 12.66 per cent. About 263,265 shares have modified palms on the counter thus far.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 1.26.



The scrip has been an underperformer, up 1.66 per cent up to now one yr as compared with a 58.96 per cent acquire in Sensex.

Technicals

On the technical charts, the 200-day transferring common (DMA) of the inventory stood at Rs 259.4 on October 05, whereas the 50-DMA was at Rs 288.17. If a inventory trades effectively above 50-DMA and 200-DMA, it often means the instant development is upward. However, if the inventory trades effectively under 50-DMA and 200-DMA each, it’s thought-about a bearish development and if trades between these averages, then it suggests the inventory can go both method.

Promoter/FII Holding

Promoters held 39.99 per cent stake in Bandhan Financial institution Ltd. as of 30-Jun-2021. Mutual funds and international institutional traders held 1.86 per cent and 35.44 per cent stake.


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