Buy Bandhan Bank, target price Rs 405: HDFC Securities

HDFC Securities has buy call on Bandhan Bank with a target price of Rs 405. The current market price of Bandhan Bank is Rs 332.45. Time period given by analyst is 6 months 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 53614.34 Crore).

Bandhan Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 4120.95 Crore, up 12.21 % from last quarter Total Income of Rs 3672.51 Crore and up 6.73 % from last year same quarter Total Income of Rs 3861.12 Crore. The bank reported net profit after tax of Rs 858.97 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 39.99 per cent stake in the company as of 31-Mar-2022, while FIIs owned 34.31 per cent, DIIs 4.56 per cent.