BANDHANBNK - Symmetrical triangle Breakout - Daily
Name - BANDHANBNK
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 207
Target - 242
SL - 203
Bandhan Bank’s Q1 FY25 performance:
Financial Highlights
Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1.
Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1.
Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1.
Analyst Ratings
Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401.
Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751.
Consensus: The average target price from multiple analysts is around INR 2192.
Intrinsic Value
The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3.
CRISIL Ratings
CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+'
Always welcome for any comments with your feedback or give it a like if you find it useful.
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 207
Target - 242
SL - 203
Bandhan Bank’s Q1 FY25 performance:
Financial Highlights
Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1.
Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1.
Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1.
Analyst Ratings
Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401.
Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751.
Consensus: The average target price from multiple analysts is around INR 2192.
Intrinsic Value
The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3.
CRISIL Ratings
CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+'
Always welcome for any comments with your feedback or give it a like if you find it useful.
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