Wednesday, September 2, 2020

Bandhan Bank | Ready for Swing Trade | Share/Stock Price Level Outlook

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Bandhan Bank Stock/Share Price

➽ In this article we will discuss recent development in the StockShare of Bandhan Bank in the Stock Market

Recent Key Strengths

Effectively using Shareholders fund 

Return on equity (ROE) improving since last 2 year

Growth in Net Profit with increasing Profit Margin (QoQ)

Increasing Revenue every Quarter for the past 4 Quarters

Strong cash generating ability from core business 

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Recent Weaknesses

Big Deal (Insider and SAST) sells last month greater than 1% of total shares
MFs decreased their shareholding last quarter
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Highest fall from 52 Week High

Technical Chart 

bandhan bank,

After a sharp fall from the level of 400 levels Bandhan Bank consolidates near the levels of 400 .

Now the stock has given a Breakout at the level of 300 level with significant volume on daily charts.

Now the immediate level on the charts is at 340 levels and after crossing the level of 340 next level in the stock is at 400 level.

Bottom somewhat has formed in the stock and the stock is ready for a quick upside move. So now every correction in price may be seen as a opportunity to take long position.

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Recent Valuation Summary

bandhan bank,

The stock is available at a cheap valuation as stock P/E ratio is 17.79 and the industry average P/E is 27.41.

Market cap is 49308 cr.

Recent Annual Results

Recent Annual income statement shows good performance in both Income from interest earned and Net Profit for the 3 previous years.
Provision for bad loans increased continuously for the 3 years.

Recent NPA summary

Bank performance on NPA front is improving year on year basis.

Key Balance Sheet Summary

Reserves and Surpluses is increasing for the 3 years.

Thanks for your Precious Time.

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r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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