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