Buy Bandhan Bank, target price Rs 501: ICICI Securities

ICICI Securities has buy call on Bandhan Bank with a target price of Rs 501. The current market price of Bandhan Bank Ltd. is Rs 343.4.

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 54575.77 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 3861.12 Crore, up 7.87 % from last quarter Total Income of Rs 3579.39 Crore and up 25.55 % from last year same quarter Total Income of Rs 3075.34 Crore. The bank reported net profit after tax of Rs 632.59 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 12.7 per cent and public and others 15.1 per cent.