Bandhan Bank falls 11% in two days on profit-booking

In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019.

Premium

A man leaves an automated teller machine (ATM) facility of Bandhan Bank in Kolkata

SI Reporter Mumbai

2 min read Last Updated : Oct 17 2019 | 2:28 PM IST

Shares of Bandhan Bank slipped 5 per cent to Rs 556 on Thursday, falling 11 per cent in the past two trading days on profit-booking after GRUH Finance merged into private sector.

In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019. The stock hit a 52-week high of Rs 638 on Tuesday. In comparison, the S&P BSE Sensex was up 0.52 per cent during the same period.

As per Macquarie Research, Bandhan will have a 0.014 per cent

Topics : MSCI Bandhan Bank Buzzing stocks Markets Sensex Nifty

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in