Bandhan Bank Share Price Today on 07-11-2024: Bandhan Bank share price are down by -1.04%, Nifty down by -1.16%

Bandhan Bank Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Bandhan Bank shares are trading at price ₹181.3, -1.04% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹184.4 and a low of ₹181.15 during the day.

On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹183.03, ₹184.67, & ₹185.56, whereas it has key support levels at ₹180.5, ₹179.61, & ₹177.97.

Bandhan Bank Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Bandhan Bank was -48.23% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, While the stock is exhibiting preliminary indications of a trend reversal following a significant downtrend, continued monitoring is advised..

From a fundamental analysis perspective, the company has a ROE of 10.82% & ROA of 1.34% respectively.The current P/E of the stock is at 10.59 & P/B is at 1.24.

The median 1-year forecasted upside in this share is at 15.28% with a target price of ₹209.00.

The company has a 0.00% promoter holding, 6.71% MF holding, & 22.68% FII holding as per filings in the september quarter.

The MF holding has decreased from 7.11% in june to 6.71% in the september quarter.

The FII holding has decreased from 24.20% in june to 22.68% in the september quarter.

Bandhan Bank share price down -1.04% today to trade at ₹181.3 while its peers are mixed. Its peers such as Bank Of Maharashtra, Punjab & Sind Bank are falling today, but its peers Karur Vysya Bank, City Union Bank are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.