Bandhan Bank Faces Continued Stock Decline Amid Broader Market Challenges

Jan 13 2025 02:35 PM IST
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Bandhan Bank has encountered significant difficulties, with its stock hitting a new 52-week low after four consecutive days of losses. The bank's performance has lagged behind its sector, trading below all key moving averages and experiencing an 18.71% decline over the past month, contrasting with the broader market.
Bandhan Bank, a key player in the private banking sector, has faced significant challenges today, with its stock declining by 3.99% and reaching a new 52-week and all-time low of Rs. 138.65. This downturn marks the fourth consecutive day of losses, accumulating a total decline of 10.48% over this period.

The bank's performance has notably lagged behind its sector, underperforming by 2.39%. Currently, Bandhan Bank is trading below all its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which signals a bearish trend. Over the past month, the stock has fallen by 18.71%, contrasting sharply with the broader Sensex index, which has only decreased by 7.01%. In today's trading, Bandhan Bank's one-day performance was reported at -4.17%, compared to the Sensex's decline of 1.29%.
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