Buy Bandhan Bank, target price Rs 365: ICICI Securities

ICICI Securities has buy call on Bandhan Bank with a target price of Rs 365. The current market price of Bandhan Bank Ltd. is Rs 240.7. 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 39464.26 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 30-09-2022, the company reported a Standalone Total Income of Rs 4249.87 Crore, down -3.08 % from last quarter Total Income of Rs 4385.05 Crore and up 15.72 % from last year same quarter Total Income of Rs 3672.51 Crore. The bank reported net profit after tax of Rs 209.27 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 39.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 35.64 per cent, DIIs 7.12 per cent.