Bandhan Bank Results : Investors Fear, Brokerages Positive

Bandhan Bank Results force investors to relook at their portfolios despite a 35% year-on-year jump in net profits.

Good results are not a guarantee of positive movement in share price. In the stock market today, we saw a similar phenomenon as shares of Bandhan Bank fell 16.92% in today’s session and closed at ₹ 173.50 per share.

Investors in Bandhan Bank Ltd. are really fearful, but brokerages see this as a buying opportunity. Houses such as ICICI Securities, JP Morgan, JM Financial, Motilal Oswal, Macquarie and Ashika Stock Broking have revised their price targets for the stock.

Disclaimer: Stock targets and analyst positions are highly fluid and subject to change based on broader market volatility and internal bank performance.

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