Bandhan Bank Struggles Amid Broader Market Decline and Bearish Indicators

Bandhan Bank has experienced a notable decline of 3.3% on April 9, 2025, underperforming its sector by 2.79%. The stock reached an intraday low of Rs 144.75, reflecting a drop of 3.53% during the trading session. In terms of moving averages, Bandhan Bank's performance is currently above its 50-day moving average but falls short compared to the 5-day, 20-day, 100-day, and 200-day moving averages.
The broader market context shows the Sensex continuing its downward trend, having opened 123.25 points lower and subsequently falling by 237.06 points to close at 73,866.77, a decrease of 0.49%. The index is now 4.92% away from its 52-week low and is trading below its 50-day moving average, with bearish indicators present.

Over various time frames, Bandhan Bank's performance has been lackluster, with a year-to-date decline of 8.87% and a significant drop of 20.69% over the past year. In contrast, the Sensex has only decreased by 1.09% during the same period, highlighting the bank's struggles in the current market environment.