vk_Bullsview

Bandhan Bank - ready to move upside!!! 500+ on the cards

Long
NSE:BANDHANBNK   BANDHAN BANK LTD
Stock has been moving up after consolidation.

Interesting fact:
Bank is catching up mutual fund's attention again. At the end of Q2, they held 4.92% stake in the stock, compared to 1.7% in Q1. Also, FII increased their holdings

Increase in revenue for the Past 8 quarters, ROCE & ROE improving since last 2 years.

Asset quality improving in the last quarters , improving net cashflows in the last 2 years.

Traders can expect 450+ soon in 1-2 months and for long term target of 500+. One can buy on dips too for good returns in the coming days

Trade active: Recommended at 393. Trading at 420 levels went high of 430
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Disclaimer: Any view mentioned is of personal view of the author and for educational purpose.

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