Bandhan Bank Stock Sees High Trading Volume Amid Sector Underperformance

Bandhan Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol BANDHANBNK, recorded a total traded volume of 46,037,832 shares, with a total traded value of approximately Rs 84.57 crore.
The stock opened at Rs 175.30 and reached a day high of Rs 187.46, while the day low was Rs 174.98. The last traded price (LTP) stands at Rs 186.10. Despite this activity, Bandhan Bank has underperformed its sector by 1.23%, reflecting a 1.73% decline in its one-day return, compared to a slight 0.06% increase in the Sensex.

Notably, the stock has experienced a trend reversal, falling after two consecutive days of gains. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Additionally, the delivery volume surged to 1.74 crore on June 9, marking a significant increase of 386.18% against the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 29,988 crore, Bandhan Bank continues to demonstrate liquidity, making it suitable for trades of approximately Rs 5.89 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today reflects a mix of active trading and sector challenges.