Bandhan Bank Ltd soars 2.57%, up for third straight session

Bandhan Bank Ltd rose for a third straight session today. The stock is quoting at Rs 183.6, up 2.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.31% on the day, quoting at 23342.75. The Sensex is at 74589.61, down 0.36%. Bandhan Bank Ltd has added around 5.58% in last one month.

Meanwhile, Nifty Private Bank index of which Bandhan Bank Ltd is a constituent, has added around 0.73% in last one month and is currently quoting at 27370.1, down 0.26% on the day. The volume in the stock stood at 127.49 lakh shares today, compared to the daily average of 95.32 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 183.34, up 1.85% on the day. Bandhan Bank Ltd is up 13.27% in last one year as compared to a 7.26% fall in NIFTY and a 0.9% fall in the Nifty Private Bank index.

The PE of the stock is 21.27 based on TTM earnings ending June 26.