Category: Bandhan Bank

Stock market today: Vodafone Idea, Metropolis Healthcare, Bandhan Bank among 10 stocks under F&O ban list on April 18

Indian stock market today: A total of ten stocks have been banned for trade on Thursday, April 18, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.

However, the stocks will be available for trading in the cash market.

F&O ban list today
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Source: https://www.livemint.com/market/stock-market-news/stock-market-today-vodafone-idea-metropolis-healthcare-bandhan-bank-among-10-stocks-under-f-o-ban-list-on-april-18/amp-11713348674455.html

Three reasons why an uptick in Bandhan Bank shares will take time

Chandra Shekhar Ghosh, MD & CEO, Bandhan bank; image credit: Company websiteSynopsisBandhan Bank is trading over 60% lower than its listing price. While the stock has been underperforming the Bank Nifty index since March 2018, lack of clarity over leadership succession is now a big concern for investors.7 mins read, Last Updated: Apr 18, 2024, 04:08:32 PM ISTCome July, Bandhan Bank’s managing director and CEO Chandra Shekhar Ghosh’s long association with the private lender will come to an end. In a surprise move on April 5, Ghosh said he will retire upon completion of his current term on July 9. While the stock is down nearly 12% since the announcement in which Ghosh also said that…
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Source: https://m.economictimes.com/prime/money-and-markets/three-reasons-why-an-uptick-in-bandhan-bank-shares-will-take-time/amp_primearticleshow/109377245.cms

Bandhan Bank founder Chandra Shekhar Ghosh to step down in July, shares fall 6.5%

SummaryBandhan Bank CEO’s resignation comes after having served three consecutive tenures as the MD and CEO of the bank with the final one concluding on July 09, 2024.Chandra Shekhar Ghosh, the founder, MD and CEO of Bandhan Bank has announced he will be retiring from his role at the end of his tenure on July 09, 2024 after having led the bank for almost a decade. In a filing to the stock exchanges, Ghosh indicated in his resignation letter that the time has now come for him to assume a larger strategic role at the group level.
“I feel happy to leave behind a strong franchise in the hands of a capable leadership team, many of whom have partnered me in building the organization, brick…
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Source: https://upstox.com/news/market-news/stocks/bandhan-bank-shares-fall-65percent-as-md-and-ceo-resigns/article-78845/

Shares of Bandhan Bank, Wipro, Bajaj Finance, Titan, Voltas to remain in focus

SummaryIndian markets retreated from all-time highs to close flat on Friday. The RBI kept the interest rates unchanged at 6.5%. The NIFTY and SENSEX closed the last week with marginal gains at 0.3%.Indian markets look for a positive start on April 8 as GIFT NIFTY indicates a gap-up opening on the Indian indices. The Asian markets are trading mixed, with Japanese markets trading 1.4% higher on Monday morning, while the Chinese markets are trading in red, led by property sector woes.
US markets closed higher on Friday as job data remained robust, indicating strong economic and earnings growth for the country. The Dow Jones closed (+0.8%), S&P (+1.1%) and Nasdaq (+1.2%) higher on…
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Source: https://upstox.com/news/market-news/stocks/stocks-to-watch-on-monday-morning/article-78825/

Societe Generale Buys Stake In Bandhan Bank For Rs 219 Crore

French investment giant Societe Generale acquired 0.75% stake in private lender Bandhan Bank Ltd. for Rs 219 crore through open market transactions on Tuesday. The foreign investor purchased 1.21 crore shares for Rs 180.8 apiece, according to block deal data on the NSE. British hedge fund Marshall Wace offloaded a similar number of shares for the same price through two of its funds—Marshall Wace Investment Strategies-Eureka Fund and Global Financials Market Neutral Fund.Overseas investors held 31.19% stake in the Kolkata-based Bandhan Bank, as of March.Shares of the lender closed 1.13% higher at Rs 182.85 apiece on Tuesday, as compared with a 0.12% advance in the BSE Sensex.
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Source: https://www.ndtvprofit.com/amp/markets/societe-generale-buys-stake-in-bandhan-bank-for-rs-219-crore

Tata Consumer, NHPC, Dr Reddy’s, Bandhan Bank, Manappuram Finance, Cyient, Vodafone, Tata Elxsi and others

Tata Consumer Products: The FMCG company recorded consolidated net profit at Rs 268 crore for the quarter ended March FY24, declining sharply by 23 percent compared to the same period last fiscal despite healthy operating numbers, and topline, impacted by an exceptional loss of Rs 216 crore. Revenue from operations grew by 9 percent year over year to Rs 3,927 crore for the quarter. EBITDA increased by 22 percent year-on-year to Rs 631 crore, with a margin expansion of 180 bps to 16.1 percent for the quarter. The company has recommended a dividend of Rs. 7.75 per share.

NHPC: The state-owned entity has signed a…
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Source: https://www.moneycontrol.com/news/photos/business/stocks/buzzing-stocks-tata-consumer-nhpc-dr-reddys-bandhan-bank-manappuram-finance-cyient-vodafone-tata-elxsi-and-others-12706663.html/amp

Bank Stocks in focus after Societe Generale bought stake via block deals 

Societe Generale is one of the leading European financial services groups and a major player in the economy for more than 160 years. It has supported 25 million clients every day with over 1.26 lakh staff in 65 countries. 

Founded in 1864, the Europe-based multinational financial services company provides a wide range of advisory services and tailored financial solutions. 

Following are the three banks in which Societe Generale invested on 23rd April, that is, on Tuesday via block deals. 

Bandhan Bank Limited 

With a market cap of Rs. 29,609.6 crore, the share price of Bandhan Bank Limited moved up by 1.44 percent on BSE to Rs. 185.5, whereas its previous closing…
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Source: https://tradebrains.in/features/bank-stocks-in-focus-after-societe-generale-bought-stake-via-block-deals/

Bandhan Bank Share Price: Bandhan Bank shares rise 1.01% as Sensex climbs

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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Source: https://m.economictimes.com/markets/stocks/stock-watch/bandhan-bank-shares-rise-1-01-as-sensex-climbs/amp_articleshow/109551120.cms

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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Source: https://www.news9live.com/business/markets/stocks-to-watch-today-bharti-airtel-power-grid-icici-prudential-life-tata-consumers-dr-reddys-laboratories-hinduja-2509760/amp