Bandhan Bank share price falling
Bandhan bank share Down; From last a few days bandhan bank share price falling like anything though there are many reaons behind it but we will only talk about the main ones. And should you buy more of bandhan bank share.?
So we have 2 questions right now;
Why bandhan bank share price going down.?
Should you Buy Bandhan bank stock or is it a good time to buy bandhan bank share.?
Lets talk about the first one;
So, if You had noticed bandhan bank share price falling from last a few days. There are mainly 4 reasons behind this fall;
- Market has gone too volatile
- Crude oil prices & Bond Yields are rising
- FII & DII are withdrawing huge money from the market.
So, These are some of the main reasons behind bandhan bank stock price going down.
Why bandhan bank share price fall Today.?
On BSE, Share Price of the bank shut .022 percent lower at Rs 338.05 each. During the day, it contacted a low of Rs 334. Additionally, on NSE, the stock settled at Rs 345.4, declining 02%. It was exchanging at a low of Rs 334 during the day.
Share of Bandhan Bank on Tuesday fell more than .22% after the bandhan bank detailed a 13.5 percent decrease in net Profit at Rs 632.6 crore for the second from last quarter finished December 31, 2020.
On BSE, Share of the bank shut .22 percent lower at Rs 338.05 each. During the day, it contacted a low of Rs 334.
Additionally, on NSE, the stock settled at Rs 345.4, declining .2%. It was exchanging at a low of Rs 334 during the day.
The bank had posted a net Profit of Rs 731 crore for a similar time of the past monetary year.
Complete pay during the time frame under audit rose 38.3 percent to Rs 2,625 crore from Rs 1,898 crore in a similar time of 2019-20, Bandhan Bank said in an official statement.
On resource front, net NPAs as on December 31, 2020, remained at Rs 859.2 crore (1.1 percent of gross advances) against Rs 1,182 crore (1.9 percent) continuously prior same period.
Should You Buy Bandhan Bank Share Price.?
When Bandhan bank share price touched around 305, the fall journey was the end. Brokerages started upgrading the stock and from there it has touched gone to 360.
Though it has become one of the very few distrusted stocks of the market but still the potential of this bank is unmatchable. At this the target price of bandhan bank share is as high as Rs. 465. So, it certainly a good stock to buy now.
Bandhan bank share price a good stock to buy now.