Trading Volume and Value Surge
On 23 January 2026, Bandhan Bank Ltd. (BSE: BANDHANBNK) recorded a total traded volume of 1.5 crore shares, translating into a substantial traded value of approximately ₹220.62 crores. This level of activity places the stock among the highest value turnover equities on the day, underscoring heightened market attention. The stock opened at ₹150.20, marking a gap-up of 5.43% from the previous close of ₹142.46, and touched an intraday high of ₹150.70 before settling near ₹146.80 at the last update time of 09:45 IST.
Price Performance and Moving Averages
Bandhan Bank’s price action on the day was notably bullish, with a day gain of 3.05% and a two-day consecutive gain totalling 6.28%. The stock outperformed its private sector banking peers by 2.83% and the broader Sensex, which remained flat. The weighted average price indicated that a larger volume of shares traded closer to the day’s low of ₹145.10, suggesting some profit booking at higher levels but sustained buying interest near support zones.
Technically, the stock is trading above its 5-day and 20-day moving averages, signalling short-term strength. However, it remains below its longer-term 50-day, 100-day, and 200-day moving averages, indicating that the medium to long-term trend is still under pressure and investors should exercise caution.
Institutional Interest and Delivery Volumes
Institutional participation appears to be on the rise, as evidenced by the delivery volume of 59.02 lakh shares on 22 January, which surged by 58.71% compared to the five-day average delivery volume. This increase in delivery volume suggests that investors are not merely trading intraday but are holding positions, reflecting confidence in the stock’s near-term prospects despite the recent downgrade in its Mojo Grade from Hold to Sell on 31 October 2025.
Bandhan Bank’s current Mojo Score stands at 36.0, categorised as a Sell, with a Market Cap Grade of 3, indicating a small-cap status with moderate liquidity. The stock’s liquidity is sufficient to support trade sizes of up to ₹2.82 crores based on 2% of the five-day average traded value, making it accessible for institutional and retail investors alike.
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Sector Context and Comparative Performance
The private sector banking sector has experienced mixed performance recently, with many stocks facing headwinds from macroeconomic uncertainties and regulatory challenges. Bandhan Bank’s outperformance relative to its sector peers, which posted a marginal decline of 0.09% on the same day, highlights its relative resilience. However, the stock’s small-cap status and modest market capitalisation of ₹22,981 crores mean it remains vulnerable to volatility and liquidity constraints compared to larger banking entities.
Investors should note that while Bandhan Bank’s recent price gains are encouraging, the downgrade in its Mojo Grade to Sell reflects concerns over its fundamental quality and risk profile. The bank’s financial metrics and trend assessments, as per MarketsMOJO’s comprehensive analysis, suggest caution, especially given the stock’s current valuation and competitive pressures within the private banking space.
Order Flow and Investor Participation
Large order flow data indicates a rising investor participation trend, with delivery volumes significantly above average. This suggests that institutional investors may be accumulating positions, possibly anticipating a turnaround or capitalising on short-term momentum. The stock’s liquidity profile supports sizeable trades without excessive price impact, which is attractive for fund managers and high-net-worth individuals seeking exposure to the private banking sector.
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Outlook and Investor Considerations
While Bandhan Bank’s recent trading activity and price gains reflect positive short-term momentum, investors should weigh these against the broader fundamental concerns highlighted by its Mojo Grade downgrade. The bank’s performance relative to moving averages suggests a potential resistance zone at the 50-day and longer-term averages, which may cap upside in the near term.
Given the stock’s small-cap nature and moderate liquidity, volatility can be expected, and investors should monitor institutional activity closely. The rising delivery volumes are a positive sign, but the overall risk profile remains elevated. Investors with a higher risk appetite may consider tactical exposure, while more conservative participants might prefer to await clearer trend confirmation or explore higher-rated alternatives within the private banking sector.
MarketsMOJO’s detailed grading and scoring system provides a valuable framework for assessing Bandhan Bank’s risk-reward profile, incorporating financial metrics, trend analysis, and quality grades to guide investment decisions.
Summary
In summary, Bandhan Bank Ltd. has attracted significant trading interest on 23 January 2026, with robust volume and value turnover placing it among the day’s most active stocks. The stock’s price outperformance relative to its sector and the Sensex, combined with rising delivery volumes, indicates growing investor participation. However, the downgrade to a Sell rating and the stock’s position below key longer-term moving averages counsel caution. Investors should balance the short-term momentum against fundamental risks and consider alternative opportunities within the private sector banking universe.
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