Bandhan Bank Shares Surge to 52-Week High on Strong Q4 Results; Analysts Highlight Key Performance Metrics Shares of Bandhan Bank surged to a 52-week high of ₹200.89 on the National Stock Exchange (NSE) on April 29, 2026, following the release of its fourth-quarter results for the 2025-26 financial year. The stock climbed as much as 12.44% during the session, with the price trading at ₹200.49 at 11:26 AM. This marked a significant rebound from its year’s low of ₹134.25, set on December 9, 2025. Over the past week, the stock gained 13%, while its monthly performance saw a 34% increase, and it rose 39% year-to-date. The strong performance was driven by Bandhan Bank’s robust quarterly results, which highlighted improved financial metrics and operational efficiency. The bank reported a 68.02% year-on-year (YoY) surge in net profit to ₹534.14 crore for Q4 FY26, compared to ₹317.90 crore in the same period of the previous fiscal year. Net interest income (NII) rose 1.4% YoY to ₹2,796 crore, reflecting stable revenue generation despite macroeconomic challenges. The bank’s net interest margin (NIM) stood at 6.2%, a decline of 46 basis points (bps) YoY but an increase of 30 bps quarter-on-quarter (QoQ). Asset quality improved significantly, with gross non-performing assets (GNPAs) falling 140 bps YoY to 3.27% in Q4 FY26, down from 4.71% in Q4 FY25. Net non-performing assets (NNPA) also improved to 0.97%, a 32 bps YoY decline from 1.28% in the prior year. The bank’s return on assets (RoA) was 0.6% and return on equity (RoE) at 4.8% on an annualized basis for FY26. Its capital adequacy ratio, including profits, reached 18.0% as of March 31, 2026, surpassing the regulatory requirement of 11.5%. Deposits grew 10% YoY to ₹1.#national_stock_exchange #bandhan_bank #jp_morgan #partha_pratim_sengupta #macquire
Flipkart Eyes $2-2.5 Bn Pre-IPO Round: Report Flipkart, the Indian e-commerce giant, is reportedly exploring a significant pre-IPO funding round ranging between $2 billion and $2.5 billion, according to recent reports. The company has engaged in discussions with multiple investment bankers, including Goldman Sachs, JP Morgan, Bank of America, and Citigroup in the United States, as well as Indian banks such as Axis Bank, JM Financial, and Kotak Mahindra Bank. These meetings aim to gauge investor interest and prepare for the upcoming public offering. While the valuation for the round remains undetermined, the pre-IPO funding could serve as a strategic move to allow existing investors to exit before the IPO, enhance Walmart’s paper gains, and provide insights into investor appetite for the public listing, which is expected within the next 12 to 18 months. The potential fundraising effort is part of Flipkart’s broader preparations for its IPO, which follows a recent reverse flip to India from Singapore. This move, completed last month, marks a critical step in the company’s journey toward going public. Flipkart’s leadership, including CEO Kalyan Krishnamurthy, has been actively engaging with global and domestic financial institutions to finalize the details of the round. Krishnamurthy met with bankers across the U.S., Singapore, and London, while also discussing the raise with U.S.-based investment management firm Capital Group. Other institutional investors have expressed interest in participating, though the final decision on the funding round will rest with Walmart, which holds an 80% stake in Flipkart. Walmart, which invested $16 billion to acquire Flipkart in 2018, may be cautious about diluting its stake ahead of the IPO.#flipkart #bank_of_america #jp_morgan #goldman_sachs #citigroup
Gold Has Stayed Flat Amid Iran Conflict — Here’s Why and Where It Could Head Next Despite ongoing tensions in the Middle East, gold prices have remained largely unchanged since the recent escalation of hostilities with Iran. This contrasts with the sharp rally the metal experienced during the 12-day war last year, which saw its price surge from $5,296 to $5,423 per troy ounce after U.S. and Israeli strikes on Iran. However, the recent conflict has not triggered a similar upward move, with gold trading between $5,050 and $5,200 as of late. Spot gold was last reported at $5,175 per ounce. Analysts suggest several factors are dampening gold’s usual safe-haven appeal. A stronger U.S. dollar and higher Treasury yields have made the metal less attractive compared to interest-bearing assets like government bonds. Ross Norman, CEO of Metals Daily, noted that rising oil prices could prolong inflationary pressures, potentially leading to higher interest rates. Central banks struggling to manage the economic fallout from a possible closure of the Strait of Hormuz, a critical oil route, might raise rates further, which could reduce demand for non-yielding assets like gold. Geopolitical tensions typically drive investors toward gold, but recent volatility has disrupted this pattern. Norman observed that gold’s price movements have been lackluster, possibly due to its recent extreme swings. Some institutional investors have grown wary of holding bullion amid its unusual volatility. Amer Halawi, head of research at Al Ramz, explained that conflicts often trigger panic selling, creating a “flush” where traders are forced to liquidate positions as prices drop. He added that while gold may initially sell off during shocks, it often rebounds later as markets stabilize.#iran #deutsche_bank #jp_morgan #ross_norman #amer_halawi
