Buy Bandhan Bank, target price Rs 425: Motilal Oswal

Motilal Oswal Financial Services has buy call on Bandhan Bank with a target price of Rs 425.
The current market price of Bandhan Bank Ltd. is Rs 374.65 .

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 60307.74 Crore).


Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 873.97 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 262.55 Crore (.00% of total assets).

For the quarter ended 30-09-2020, the company reported a Standalone Interest Income of Rs 2792.55 Crore, up 6.51 % from last quarter Interest Income of Rs 2621.96 Crore and up 17.82 % from last year same quarter Interest Income of Rs 2370.15 Crore. The bank reported net profit after tax of Rs 920.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40 per cent stake in the company as of Sept 30, 2020, while FIIs held 32.2 per cent, DIIs 5.8 per cent and public and others 21.9 per cent.