Bandhan Bank Shares Surge Over 11% Amid Strong Q4 Results, Brokerages Raise Target Prices Bandhan Bank’s shares surged over 11% on Wednesday, April 29, 2026, reaching above 200 rupees after the private bank reported robust financial results for the fourth quarter of the fiscal year 2026. The sharp rise followed a decline in the previous trading session, where the stock had closed at 178 rupees. The rally was driven by improved asset quality, lower credit costs, and a recovery in profitability, prompting global brokerages to express bullish sentiment. The bank’s Q4 results revealed a 68% increase in net profit compared to the same period last year, reaching 534 crore rupees. This growth was attributed to reduced loan costs and higher fee income, although net interest income (NII) rose only marginally by 1.4% to 2,795.4 crore rupees. The bank also reported improved asset quality, with gross non-performing assets (NPAs) declining from 3.33% to 3.27% and net NPAs falling to 0.97% from 0.99%. Brokerages have raised their target prices for Bandhan Bank’s shares, reflecting confidence in its financial performance. CLSA maintained an “Outperform” rating and increased its target price to 220 rupees per share, citing the bank’s consistent strong performance in the second quarter. J.P. Morgan retained a “Buy” rating and set a target of 215 rupees, highlighting the bank’s improved credit cost management and stable microfinance segment. UBS, however, kept a neutral stance but raised its target to 200 rupees. Analysts also provided insights into potential price movements. Anand Rathie of Anand Rathie Investment Services noted that the stock’s key support level is at 190 rupees, with resistance at 201 rupees. If the shares cross 201 rupees, they could target 205 rupees.#ubs #clsa #jpmorgan #bandhan_bank #anand_rathie_investment_services
