Bandhan Bank’s shares saw a significant jump of 10% in today’s trading session, surging to ₹206.47 from a previous close of ₹187.70. The rally in the stock led to an estimated increase of ₹3,326 crore in the bank’s market capitalization, bringing its total market cap to approximately ₹36,587.72 crore.
The strong performance was driven by positive investor sentiment and key developments, including the approval of Partha Pratim Sengupta as the new Managing Director and CEO of the bank. Additionally, favorable ratings from brokerages, such as Jefferies maintaining a “Buy” rating, further supported the stock’s upward momentum.
As of 11:05 AM, the stock was trading at ₹206.47, with a total traded volume of 719.81 lakh shares, marking a notable rise in both price and market cap for Bandhan Bank.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
