Buy Bandhan Bank, target price Rs 440: JM Financial

JM Financial has buy call on Bandhan Bank with a target price of Rs 440. The current market price of Bandhan Bank Ltd. is Rs 280.15. 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 45504.14 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 31-03-2022, the company reported a Standalone Total Income of Rs 4835.97 Crore, up 17.35 % from last quarter Total Income of Rs 4120.95 Crore and up 27.67 % from last year same quarter Total Income of Rs 3787.91 Crore. The bank reported net profit after tax of Rs 1902.34 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.