Bandhan Bank Stock Analysis
BANDHAN BANK Bandhan Bank is a large-cap private bank with a Market capitalization of Rs. 63000 Cr. and its last traded price is Rs. 391 as of 12 Jan 2021. The company's PE ratio is only 23.18 which is relatively less than its peers such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Axis Bank. This means that the company's valuation is presently cheap in the private bank's sector. As far as the company's fundamentals are concerned it again has a healthy ROCE, ROE, and Debt to Equity ratio when compared to its peers. Below is the current chart of Bandhan Bank: Fig: Bandhan Bank chart (Daily Time-frame) The lower black line is the resistance which the company has faced since its low in March 2020 and from there on its continuously making new lower highs as shown with small horizontal black lines. The stock now has broken that resistance and again retesting it which now acts as its support. If the stock sustains that support i.e. bounces back from that point, then in ...