Buy Bandhan Bank, target price Rs 330: ICICI Direct

ICICI Direct has buy call on Bandhan Bank with a target price of Rs 330. The current market price of Bandhan Bank Ltd. is Rs 290. Time period given by analyst is one year when Bandhan Bank Ltd. price can reach defined target.

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 46849.72 Crore).

Bandhan Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 4385.05 Crore, down -9.32 % from last quarter Total Income of Rs 4835.97 Crore and up 11.20 % from last year same quarter Total Income of Rs 3943.37 Crore. The bank reported net profit after tax of Rs 886.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 119.97 per cent stake in the company as of 30-Jun-2022, while FIIs owned 106.92 per cent, DIIs 21.36 per cent.