NSE: BANDHANBNK | BSE: 541153

Strong Performer, Under Radar

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174.70 4.51 (2.65%)

36.31% Gain from 52W Low

4.4M NSE+BSE Volume

NSE 02 Jun, 2025 10:11 AM (IST)

28,143.7

Market Cap

Below industry Median

1.3

Beta 1Year

Very High Volatility

Bandhan Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BANDHANBNK, BSE:541153 Bandhan Bank Ltd.

Bandhan Bank Ltd.

08 Apr 2024

174.70

2.65%

A big negative surprise; Succession plan underway

Hold: Bandhan Bank Ltd.

Target

KRChoksey

Bandhan Bank Limited (BANDHAN)’s board has taken on record the letter submitted by Mr. Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, informing that he would retire from the services of the Bank as the MD & CEO upon completion of his current tenure on July 9, 2024.
Mr. CS Ghosh founded Bandhan Bank and has been associated with it for over 24 years. Post-retirement as CEO, Ghosh will take up a “strategic role” at the group holding company level (i.e., Bandhan Financial Holdings Ltd), advising the group’s business verticals.

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

13 Feb 2024

174.70

2.65%

First Light | Amber Enterprises, CPI And IIP, Credit Composition, Hero Motocorp, Thermax, Bandhan Bank, Indraprastha Gas, Zydus Wellness

Buy: Bandhan Bank Ltd.

Target

BOB Capital Markets Ltd.

AMBER: Persistent near-term challenges; cut to SELL. CPI and IIP: Still some pain points on inflation. Credit Composition: Study on personal loans. HMCL: Healthy quarter but positives priced in. TMX: Improving order outlook; maintain HOLD. BANDHAN: Recovery on track. IGL: Legacy UP, new GAs can offset slowdown, reiterate BUY. ZYWL: Seasonally weak quarter

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

13 Feb 2024

174.70

2.65%

No relief from higher slippages; lower non-interest income impacts operating performance

Accumulate: Bandhan Bank Ltd.

Recommendation Target

KRChoksey

As of December 31, 2023, the loans and advances (on book + off book+ TLTRO+PTC) stood at INR 1,159.4 Mn, an 18.6% YoY/ 7.7.% QoQ growth. The growth in the loan book reflects an uptick in demand across the asset verticals.

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

12 Feb 2024

174.70

2.65%

Result Update:Bandhan Bank

Buy: Bandhan Bank Ltd.

Recommendation Target

Axis Direct

We revise our rating from HOLD to BUY, purely on valuation comfort.

Number of FII/FPI investors increased from 319 to 326 in Mar 2025 qtr.

Bandhan Bank Ltd.

12 Dec 2023

174.70

2.65%

Bandhan Bank (BUY): Thrust on secured business to aid asset health

Buy: Bandhan Bank Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Expect 19% credit and deposit CAGR over FY23-FY25 on retail-led growth and targeted increase in secured book

Geojit BNP Paribas increased Accumulate price target of Bandhan Bank Ltd. to 192.0 on 26 May, 2025.

Bandhan Bank Ltd.

01 Nov 2023, 12:00AM

174.70

2.65%

BANDHAN BANK LIMITED

Accumulate: Bandhan Bank Ltd.

Recommendation Target

Geojit BNP Paribas

Geojit BNP Paribas increased Accumulate price target of Bandhan Bank Ltd. to 192.0 on 26 May, 2025.

Bandhan Bank Ltd.

26 Oct 2023

174.70

2.65%

Asset quality issue persists; H2FY24 to see recovery in business momentum

Buy: Bandhan Bank Ltd.

Target

KRChoksey

As of September 30, 2023, the loans and advances (on book + off book) stood at INR 1,076.3 Mn, a 12.3% YoY/ 4.% QoQ growth. The QoQ growth in the loan book reflects an uptick in demand for all asset verticals. The Emerging Entrepreneur Business (EEB) vertical added about INR 0.6 Mn new borrowers during Q2FY24, which led to the EEB portfolio growth by 5.2% QoQ (+0.1% YoY) at INR 539.9 Bn, contributing 50.2% of the total gross loans, as of September 30, 2023.

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

19 Oct 2023

174.70

2.65%

i-Opener

Accumulate: Bandhan Bank Ltd.

ICICI Securities Limited

Wipro’s IT Services revenue dipped 2.3% QoQ USD in Q2FY24. The slip was much steeper than our/consensus’ expectations of -0.5%. Revenue growth came in at the lower-end of Wipro’s guidance for Q2FY24.

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

19 Oct 2023

174.70

2.65%

Result Update:Bandhan Bank

Hold: Bandhan Bank Ltd.

Recommendation Target

Axis Direct

We revise our recommendation from BUY to HOLD.

Bandhan Bank Ltd. has gained 23.73% in the last 3 Months

Bandhan Bank Ltd.

19 Oct 2023

174.70

2.65%

Asset quality normalisation still underway

Accumulate: Bandhan Bank Ltd.

ICICI Securities Limited

Bandhan Bank (Bandhan) reported subdued Q2FY24 PAT at INR 7.2bn (flattish QoQ; RoA at 1.9%) while asset quality deteriorated QoQ. Despite higher-than-expected slippages and flattish PCR, the bank reported stable (and lower-than-expected) credit costs as there were nil write-offs. Unlike other players, asset quality improvement has been much slower at Bandhan.

Number of FII/FPI investors increased from 319 to 326 in Mar 2025 qtr.

Is Bandhan Bank Ltd. worth buying?

1357 Votes:

Buy 82.68%

Sell 10.61%

Hold 6.71%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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Buy SEE REPORTS >

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