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Currently, the stock is trading 18 percent lower than its average one-year forward valuation, while return ratios are likely to remain strong
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Bandhan Bank:A bottom fishing opportunity for long-term investors Currently the stock is trading 18 per cent lower than its average one-year forward valuation, while return ratios are likely to remain strong
COMPANIES NEWS Concerns over the near-term impact of its merger with Gruh Finance and the pending promoter stake dilution among others, has weighed on investor sentiment for Bandhan Bank, which had a great listing in March last year. » With a fall of over 16 per cent in its share price in the last three months, Bandhan Bank has also under-performed the Nifty Bank index that fell by 9 per cent during the same period. The correction, however, has led to a sharp fall in the valuation of the bank’s stock. It currently trades at 3.6 times FY21 estimated book value, which is an 18 per cent discount Read Full Story → BANDHAN BANK