Bandhan Bank Share Price: Bandhan Bank shares fall 2.05% as Nifty falls

Actions of Bandhan Bank Ltd.. was trading down 2.05 per cent at Rs 193.05 on Tuesday around 2:10 pm (IST), while the benchmark BSE index Sensex fell 717.64 points to 78,931.28.

A total of 719,506 shares worth Rs 13.89 crore were traded in the market.

The stock traded at a 52-week high of Rs 263.15 and a 52-week low of Rs 169.45.

On the technical charts, the 200-day moving average of the stock was at Rs 206.26 while the 50-day moving average was at Rs 200.14. If a stock is trading above both the 50-day moving average and the 200-day moving average, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below both the 50-day moving average and the 200-day moving average, it is considered to be in a bearish trend and if it is trading between the 50-day moving average and the 200-day moving average, then it suggests that the stock can go either way.

The company’s shares have gained 14.88 per cent in the past year, while Sensex has risen 19.86 per cent during the same period. BSE According to the data, the stock is trading at a price-earnings multiple of 12.11 and a price-to-book ratio of 1.34. A higher price-to-earnings ratio shows that investors are willing to pay a higher price due to better expectations of future growth. The price-to-book ratio indicates the inherent value of a company and reflects the price that investors are willing to pay even if there is no growth in a business. The stock belongs to the Banks – Private Sector industry.

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