Bandhan Bank Share Price Plummets 10% Amid Market Volatility The stock of Bandhan Bank experienced a significant decline, dropping by 10% as of 1.50 pm on the National Stock Exchange (BSE). The shares were trading at approximately Rs 159.50, reflecting a sharp 9.19% decrease from previous levels. Investors and market analysts are now closely examining the factors contributing to this sudden downturn. A key development in the market was the decision by brokerage firm JM Financial to upgrade Bandhan Bank’s stock rating from "Reduce" to "Add." Alongside this change, the firm adjusted its target price for the stock to Rs 160. This move suggests that JM Financial has revised its outlook on the bank’s performance and potential for future growth. However, the immediate drop in share price indicates that market sentiment remains cautious despite the positive rating change. The decline in Bandhan Bank’s stock price could be attributed to a combination of factors, including broader market trends, regulatory developments, or shifts in investor confidence. While the brokerage’s upgrade may signal optimism about the bank’s prospects, the market’s reaction highlights the sensitivity of investor sentiment to external pressures. Analysts are now likely to scrutinize recent financial reports, strategic initiatives, and macroeconomic indicators to determine whether the downturn is a temporary fluctuation or a sign of deeper concerns. The timing of the price drop also raises questions about its connection to other market events or sector-specific challenges. Bandhan Bank, a prominent player in the Indian financial sector, has faced scrutiny in recent months over issues such as liquidity concerns, competition, and evolving regulatory requirements.#bse #national_stock_exchange #jm_financial #bandhan_bank #indian_financial_sector
Coal India shares gain as Jefferies turns bullish, JM Financial maintains cautious view Shares of Coal India rose 2 per cent in early trade on Wednesday, driven by renewed buying interest and positive commentary from brokerage firms. The stock traded at ₹448.05 on the NSE at 11.24 am, having climbed to an intraday high of ₹451.80 compared with the previous close of ₹443.55. The stock had previously reached its 52-week high of ₹461.55 on January 29, 2026. Global brokerage Jefferies maintained a buy rating on Coal India and raised its target price to ₹485 from ₹450, citing improving earnings visibility and favorable demand conditions. The firm noted that after a 21 per cent earnings per share decline over FY24–26E, the company’s earnings trajectory is expected to improve with a 9 per cent compound annual growth rate over FY26–28. Jefferies highlighted a recovery in power demand, driven by expectations of an intense summer and weak rainfall, which is likely to support higher coal volumes. It also pointed to firm global coal prices potentially improving e-auction realisations for the company. Despite a steady rise in captive coal production, Coal India has retained its dominant 60 per cent share in India’s overall coal demand. The company’s long-term demand outlook remains intact, with plans for annual growth of about 5 per cent over the medium term. Domestic brokerage JM Financial, however, maintained a more cautious stance after meeting the company’s management. The firm noted that both fuel supply agreement prices and e-auction prices have stabilised after recent surges and are expected to remain steady, barring temporary spikes due to supply-side constraints. Early trials aimed at replacing imported coal, which accounts for an annual requirement of 40–45 million tonnes, with domestic supplies have shown encouraging results.#nse #jefferies #coal_india #jm_financial #coal_demand
