Bandhan Bank stock: The shares of Bandhan Bank have been witnessing tremendous growth for the last few days. Shares of Bandhan Bank had reached a six-month high of Rs 335, up 4 per cent on the BSE in Tuesday’s intra-day trade. The stock reached its high level since October 2021 and was close to its 52-week high of Rs 354.10 on June 28, 2021. In comparison, the S&P BSE Sensex was down 0.47 per cent at 58,686 at 02:47 am.
9% up in 3 days
Shares of Bandhan Bank closed at Rs 333.50, up 3.30% today. The company’s shares have jumped up to 9% in the last 3 trading sessions. Actually, this rise comes after the news in which HDFC was said to buy stake in Bandhan Bank. Bandhan Bank has rallied 9 per cent in the last three trading days after housing finance major Housing Development Finance Corporation (HDFC) divested 49.63 million shares on Friday, April 8, 2022. Let us inform that in the last one month, this stock has seen a rise of 25.87%. The stock has jumped 32.13% so far this year.
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Societe Generale bought 19.08 million shares
According to bulk deal data available with BSE, Societe Generale bought 19.08 million shares of Bandhan Bank for Rs 585 crore at Rs 306.55 per piece. Meanwhile, in the past one month, Bandhan Bank has outperformed the market with a rise of 28 per cent as compared to a rise of 5.6 per cent in the S&P BSE Sensex. Bandhan Bank on April 5 said that its public book crossed the 1 trillion mark for the first time in January-March 2022 (Q4FY2), registering a growth of 16 per cent over the same period a year ago. During the fourth quarter of FY22, the bank’s total loans stood at Rs 1.01 trillion.
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