Bandhan Bank Ltd slips for fifth straight session

Bandhan Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 149.8, down 5.45% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.24% on the day, quoting at 22406.15. The Sensex is at 72532.22, down 0.98%.Bandhan Bank Ltd has lost around 18.1% in last one month.Meanwhile, Nifty Private Bank index of which Bandhan Bank Ltd is a constituent, has eased around 1% in last one month and is currently quoting at 26866.05, down 1.37% on the day. The volume in the stock stood at 72.67 lakh shares today, compared to the daily average of 129.01 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 150.25, down 5.59% on the day. Bandhan Bank Ltd tumbled 11.88% in last one year as compared to a 13.14% slide in NIFTY and a 6.49% fall in the Nifty Private Bank index.

The PE of the stock is 18.85 based on TTM earnings ending June 26.