Bandhan Bank share price: Bandhan Bank’s stock price saw a 0.4% increase on February 13, 2024, closing at an optimistic 201.65 per share. Currently, it’s actively trading at 201.45 per share. To gauge the impact of this positive movement, investors are encouraged to closely monitor Bandhan Bank’s stock price in the upcoming days and weeks. This could provide valuable insights into the potential trajectory of the stock in response to recent developments.
Bandhan Bank share price Today
As of February 13, 2024, the share price of Bandhan Bank is 199.60 INR, reflecting a decrease of 1.10 INR or 0.55% for the day.
Bandhan Bank Stock Performance
Bandhan Bank faced a challenging day in the market as analysts raised concerns about its asset quality.
Despite opening higher, the stock later experienced a reversal, hitting a low of ₹207.5 per share, resulting in a 4.04% loss from the previous closing price.
JPMorgan, while maintaining an ‘overweight’ rating, adjusted the target price to ₹270 per share, down from ₹320 per share, citing concerns about profit and return on equity for the December quarter.
Bandhan Bank Share Q3 Growth
In Q3 FY24, Bandhan Bank exhibited robust financial performance, with Net Interest Income (NII) surging by 21.39% year-on-year to ₹2,525.36 crore, a significant rise from ₹2,080.43 crore in Q3 FY23.
The Net Interest Margin (NIM) showcased an improvement, escalating to 7.2% from 6.5% in the corresponding period of the previous fiscal year.
This indicates the bank’s effective management of interest-bearing assets and liabilities, contributing to enhanced profitability and a strengthened financial position in the given quarter.
The impressive growth in NII and NIM underscores Bandhan Bank’s positive trajectory and sound financial management.
Bandhan Bank Share Price Analysis
JPMorgan analysis attributes Bandhan Bank’s lower-than-expected profit and return on equity to a decline in other income and a rise in provisions.
The reported gross slippage of 5.2%, echoing the previous quarter, is attributed in part to the Core Banking System (CBS) upgrade in October 2023.
Despite the adjustment in earnings per share (EPS) projections for fiscal years 2024 and 2025, the report foresees a promising trajectory, expecting a robust 25% EPS growth in FY25 and 18% in FY26.
The document emphasizes potential positive catalysts on the horizon, suggesting that factors not fully considered in the current analysis could contribute to the bank’s future growth and financial performance in the upcoming months.
Bandhan Bank Stock Target
Bandhan Bank with a target price of ₹225 per share, suggesting a potential 4% upside in the next 12 months. While expressing disappointment in asset quality and missed profit estimates, Macquarie noted a confident management outlook, especially regarding the recovery of the second tranche of the Credit Guarantee Fund for Micro Units (CGMFU) claim.
Bandhan Bank share price Target 2024
In 2023, Indian stocks, including BANDHAN BANK, witnessed an impressive bull run. The positive momentum is expected to continue into the first quarter of 2024, with a possibility of some initial consolidation. According to technical data, BANDHANBNK’s minimum share price target for 2024 is projected at ₹227.32, while the maximum target is set at ₹263.07.
- January 2024: ₹227.32
- February 2024: ₹231.93
- March 2024: ₹227.30
- April 2024: ₹224.94
- May 2024: ₹231.16
- June 2024: ₹237.24
- July 2024: ₹237.29
- August 2024: ₹243.33
- September 2024: ₹243.34
- October 2024: ₹243.32
- November 2024: ₹243.37
- December 2024: ₹263.07
Bandhan Bank Share Price Prediction 2025
In the coming year, BANDHAN BANK’s share price is poised for an interesting journey. The forecast suggests a January 2025 target of ₹280.83, with potential growth reaching ₹295.06 by December 2025, contingent upon supportive macro and microeconomic factors, along with industry trends.
- January 2025: ₹280.83
- February 2025: ₹285.45
- March 2025: ₹280.79
- April 2025: ₹278.46
- May 2025: ₹295.09
- June 2025: ₹295.08
- July 2025: ₹295.10
- August 2025: ₹295.12
- September 2025: ₹295.09
- October 2025: ₹295.05
- November 2025: ₹295.03
- December 2025: ₹295.06
Bandhan Bank Share Price Financial Highlights
Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, reassured investors by addressing concerns regarding the bank’s non-performing assets (NPAs), particularly those from the Emerging Entrepreneurs Business (EEB) book.
He expressed optimism about the gradual recovery of these assets. Ghosh emphasized the bank’s strong performance, anticipating an 18% or higher growth in advances, coupled with a robust 15% deposit growth.
Furthermore, he highlighted a formidable 36.1% Current and Savings Account (CASA) ratio, showcasing the bank’s sound financial position and strategic initiatives for sustained growth.
Conclusion:
Bandhan Bank’s recent stock performance shows a 0.4% increase but faces challenges, prompting a 4.04% drop and an adjusted target price by JPMorgan.
In Q3 FY24, the bank demonstrated robust financials, with NII growth and improved NIM. Macquarie’s neutral rating acknowledges concerns but highlights management’s recovery confidence.
Looking ahead, 2024 forecasts predict a potential bull run and 2025 estimates foresee an interesting journey, contingent on economic factors.
Chandra Shekhar Ghosh’s reassurances on NPAs and emphasis on growth and sound financials provide confidence amidst challenges. Investors are advised to monitor the evolving situation closely.
