Bandhan Bank share price slipped further 1.52% in the early trading session today. The shares of Bandhan Bank touched a low of Rs 148.93 while the previous closing price was Rs 151.14. Earlier Reserve Bank of India appointed Mr Partha Pratim Sengupta as MD and CEO of the bank due to which the shares were in focus in November 2024 and hit a 52-week high. The shares of Bandhan Bank now trading below 36% from its peak price level Rs 232.65. Market experts have shared their opinion on the stock and revised Price Target for 2025. Check more details below.
What’s the Story?
Bandhan Bank Shares are currently trading at Rs 148.85 on NSE, down by 1.52%. Let us tell you that Bandhan Bank shares hit a record low of Rs 152.35 in March 2020. With today’s fall, the shares of Bandhan Bank now have slumped 36% from its 52-week high of Rs 232.65 while its all-time high is Rs 741. The stock hit a 52- low of Rs 137. Market experts have given mixed ratings with a new price target for Bandhan Bank shares.
Bandhan Bank Share Price NSE
The shares of Bandhan Bank opened with a gap down at Rs 150.70 today from the previous closing price Rs 151.14 and touched a high of Rs 151.69, representing a 1.52% decline. Bandhan Bank shares have experienced a steep decline in the last one year. The shares have delivered a negative return of 6.93% YTD and 33.67% in the last one year.
Buy Sell or Hold
With the shares of Bandhan Bank tumbling down, it’s raising concerns among Shareholders. Market experts have suggested whether to Hold, sell or buy which we have discussed below.
Bandhan Bank Share Price Target 2025
Brokerage firm Jefferies has given a “Buy” rating with a target price of Rs 240. According to the brokerage firm Jefferies, Bandhan Bank has a steady business growth. Company’s deposits and bulk deposit have increased however the company has received low collection in EEB loans. Despite recent price fluctuations in the past few years, Bandhan Bank has shown good deposit growth. It is a good fundamental strong stock, so Investors should keep a close eye on the stock.
Another domestic brokerage firm Nuvama Wealth Management is also very optimistic about the company. According to the analyst from Nuvama the share price of Bandhan Bank will reach Rs 242 by the end of 2025. The brokerage firm has given a “Hold” rating.
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