Shares of the Bandhan Bank Ltd. traded at Rs 184.7 on BSE at 10:35AM (IST) on Wednesday, up 1.01 per cent from previous close. The stock quoted a 52-week low price of Rs 170.35 and a high of Rs 272.0. Earlier, the stock saw a gap up opening in the morning. A total of 467,120 lakh shares changed hands on the counter till 10:35AM (IST). The stock of Bandhan Bank Ltd. commands a market value of Rs 29778.78 crore. The stock traded at a price-to-earning (P/E) multiple of 9.98, while the price-to-book value ratio stood at 1.61. Return on equity (ROE) was at 11.2 per cent, according to exchange data. In the BSE500 pack, 402 stocks traded in the green, while 98 stocks were in the red. …
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Category: Bandhan Bank
Stocks to Watch today: Bharti Airtel, Power Grid, ICICI Prudential Life & more | Markets News
Stocks in news on April 23: Dr Reddy’s Laboratories, Hinduja, Bharti Airtel, Power Grid, ICICI Prudential Life, Bank of Baroda, Canara Bank, Bandhan Bank, Manappuram Finance, Union Bank of India
Stocks to watch on April 23, 2024 (Pic: News9live)
Stocks in focus on April 23, 2204: Dr Reddy’s Laboratories, Hinduja, Bharti Airtel, Power Grid, ICICI Prudential Life, Bank of Baroda, Canara Bank, Bandhan Bank, Manappuram Finance, and Union Bank of India to remain in news on Wednesday.
Dr Reddy’s Laboratories
Dr Reddy’s Laboratories announced to recall six lots of medication from the US…
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Marshall Wace sells shares in 21 companies for Rs 2,365 crore ,Stocks News, Business News
UK-based hedge fund Marshall Wace on Tuesday divested its stakes in 21 companies, including Bank of Baroda, Canara Bank, Bandhan Bank, Manappuram Finance, and Union Bank of India, for Rs 2,365 crore through open market transactions.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGMarshall Wace through its affiliates — Marshall Wace Investment Strategies – Eureka Fund and Marshall Wace Investment Strategies Global Financials Market Neutral Fund — offloaded shares of 21 companies through different block deals on the NSE.
According to the block deals data available on the National Stock Exchange (NSE), Marshall Wace sold shares of Bank of Baroda for Rs 853 crore, Canara Bank for Rs 422 crore,…
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Bandhan Bank Share Price: Shares of Bandhan Bank rise as Nifty gains
Shares of Bandhan Bank Ltd. gained 0.85 per cent to Rs 182.35 in Tuesday’s trade as of 10:35AM (IST). It hit a high of Rs 183.3 and low of Rs 181.15 during the session. The stock quoted a 52-week high price of Rs 272.0 and a low of Rs 170.35. The return on equity for the stock stood at 11.2 per cent. About 394,142 shares have changed hands on the counter so far. The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.26. The scrip has been an underperformer, down 17.32 per cent in the past one year in comparison with a 23.46 per cent gain in Sensex. Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at…
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Bandhan Bank stock hits 4-year low; Ghosh’s retirement plan weighs | News on Markets
In past two weeks, the share price of Bandhan Bank has declined 14 per cent after Chandra Shekhar Ghosh, MD and CEO of he bank, on April 5 said would retire after the completion of his current tenureDeepak Korgaonkar Mumbai Shares of Bandhan Bank hit a fresh four-year low at Rs 170.35, down nearly 2 per cent on the BSE in Friday’s intra-day trade. The stock is trading at its lowest level since April 2020. It had hit a record low of Rs 152.20 on March 25, 2020. The stock had touched an all-time high of Rs 741.80 on August 9, 2018. In the past two weeks, the stock of private sector lender slipped 14 per cent after Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer (MD…
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Bandhan Life to hire 1,000 in new avatar
MUMBAI: Bandhan Financial Holdings has renamed Aegon Life Insurance to Bandhan Life after acquiring the life insurer. As part of its growth strategy, the new company has charted a five-year plan to become a multi-channel life insurer. It will recruit 1,000 new employees soon. BFHL acquired its stake from BCCL and Aegon Indian Holding to become the new promoter in Feb 2024. BCCL is the publisher of TOI.Bandhan Life’s MD and CEO, Satishwar B, said, “Our vision for the next five years is set… We will expand our presence across all relevant product categories, thereby enhancing the services we provide.” He added, “We have heavily invested in technology and data-driven processes to keep…
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Stocks to Watch: Reliance Industries, HDFC Bank, Adani Green, Jio Financial, MCX
Reliance Industries: The conglomerate is set to release its Q4 FY24 results for the January-March quarter on Monday, April 22. The board of the company will also deliberate and approve a dividend for FY24. The conglomerate, with operations spanning from oil to telecom, is expected to showcase robust revenues and operational performance in the March quarter, propelled by its telecom and retail sectors, along with a significant recovery in its O2C segment due to gross refinery margins (GRMs). Most brokerage firms and D-Street analysts believe that concerns over Reliance Industries’ net debt…
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Bandhan Bank Taps Egon Zehnder for CEO Search as Chandra Shekhar Ghosh Prepares to Retire
Bandhan Bank, headquartered in Kolkata, has enlisted the services of executive search firm Egon Zehnder to identify a new chief executive officer (CEO) following the retirement of Chandra Shekhar Ghosh in the first week of July.
Egon Zehnder has commenced the CEO search process for Bandhan Bank, according to a source familiar with the matter. The bank is awaiting the shortlist of candidates from the agency.
Bandhan Bank announced on April 5 that Ghosh would retire as Managing Director and CEO after the conclusion of his current tenure on July 9.
Ghosh clarified that his decision to step down from executive positions is voluntary, and the bank has initiated the search for his successor….
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Aegon Life Insurance rebranded as Bandhan Life
Bandhan Financial Holdings has officially taken over Aegon Life Insurance and the latter will now be called Bandhan Life.Bandhan Life will recruit 1,000 new employees in its immediate phase of an “aggressive growth strategy,” reinforcing its commitment to expanding its customer base and service Excellence, says the company.Aegon Life is a joint venture between Aegon NV, of Dutch origin, and BCCL, which is the owner and publisher of The Economic Times.Satishwar B., MD and CEO of Bandhan Life, said, “This transition sets the stage for an amazing new chapter for us as we become a part of the renowned Bandhan Group. With Bandhan Life, we are bolstering our collaborative strengths of…
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Bandhan Bank hires Egon Zehnder to find a CEO to replace Ghosh
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Kolkata-headquartered Bandhan Bank has hired executive search firm Egon Zehnder to find a chief executive officer after Chandra Shekhar Ghosh retires from the corner office in the first week of July.
Egon Zehnder has begun work to identify candidates for the top job at the bank, said a person familiar with the development. “The bank has hired Egon Zehnder for the CEO search. It will take some time before the agency gives its shortlist to the bank,” the person said on condition of anonymity.
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