Bandhan Bank declines 3%, hits fresh 52-week low; down 37% from Oct high

The stock was trading lower for the third straight day, down 3% at Rs 411, its lowest level since February 5, 2019.

Shares of Bandhan Bank were trading lower for the third straight day, slipping 3 per cent intra-day to hit its 52-week low of Rs 411, on the BSE on Wednesday. The stock of the private sector lender was trading at its lowest level since February 5, 2019.

In the past three months, Bandhan Bank has underperformed the market by falling 27 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex. It has slipped 37 per cent from its 52-week high level of Rs 650, touched on October 29, 2019.

While announcing the October-December quarter (Q3FY20) results