Bandhan Bank is in no trade zone. It is at crucial support. Support needs to break for Short selling. On higher side, go long only when it shows reversal probably above 330. It will remain rangebound till first Quarter of FY 2021-22.
Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business.
Banks like Kotak Bank, Axis and HDFC bank are much better for investing.
(Disclaimer: It is a personal opinion, do your own study before investing.)
Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business.
Banks like Kotak Bank, Axis and HDFC bank are much better for investing.
(Disclaimer: It is a personal opinion, do your own study before investing.)