InvestorQ : Why Bandhan Bank shares rallied so sharply in the last few days?
vaishnavi mhatre made post

Why Bandhan Bank shares rallied so sharply in the last few days?

Answer
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vidhya Laxmi answered.
3 weeks ago


Bandhan Bank was higher for the sixth consecutive day and has now scaled Rs.327. The bank reported strong credit growth of 20% at Rs.76,724 crore for the Sep-20 quarter. In fact, Bandhan Bank's collection efficiency ratio improved to 92%.

There were signs of visible recovery in other areas too. Deposit growth touched 34% with CASA ratio at 38$. Also, the delays in payments by microfinance customers the biggest segment of bank customer base, had improved to 94% in September.

Due to favorable financials, the stock has seen a slew of upgrades with price targets ranging all the way up to Rs.500. These factors have boosted sentiments around the stock and kept the price buoyant in the last few days.