Bandhan Bank shares plunge over 12% amid promoter exit speculation Shares of Bandhan Bank Ltd fell sharply by 12.22% on Monday, reaching a low of Rs 154.15 in trading. The decline was marked by unusually high trading volumes, with approximately 9.43 lakh shares changing hands on the BSE—more than double the two-week average of 4.21 lakh shares. The stock’s turnover amounted to Rs 15.45 crore, reducing the lender’s market capitalisation to Rs 25,791.65 crore. The steep drop followed reports suggesting Bandhan Financial Services, the bank’s promoter, is considering exit strategies for certain long-term investors. In response, both the BSE and NSE requested clarification from Bandhan Bank. As of the latest update, the bank had not yet provided a formal response. The exchange filing noted that on March 16, 2026, the stock was cited in news reports linking the price decline to "promoter exploring stake sale, IPO to facilitate investor exits." The exchange’s query for clarification remains pending. From a technical perspective, the stock was trading below all key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) stood at 38.91, indicating a weak but not extreme oversold condition. A level below 30 typically signals oversold conditions, while values above 70 suggest overbought status. According to BSE data, Bandhan Bank’s standalone price-to-earnings (P/E) ratio was 25.44, and its price-to-book (P/B) ratio was 1.19. The company reported standalone earnings per share (EPS) of Rs 6.25, with a return on equity (RoE) of 4.25%. Trendlyne data revealed the stock’s one-year beta of 1.3, reflecting relatively high volatility compared to the market. Meanwhile, promoter holdings in the bank decreased slightly to 39.#bse #nse #bandhan_bank #bandhan_financial_services #bandhan_bank_shares
