Bandhan Bank stock nears all-time low, slips 27% thus far in 2020

Analysts have fundamental concerns on over-leverage in core markets of eastern India and an inability to meaningfully diversify away from microfinance and concentration risk

Shares of Bandhan Bank slipped 7 per cent to Rs 370.60 on the BSE on Friday, thus erasing entire gain recorded since Tuesday after the Reserve Bank of India (RBI) lifted restrictions placed on the bank from opening new branches.

The private sector lender's stock was quoting close to its all-time low of Rs 369.15, touched on October 16, 2018. The bank issued shares at Rs 375 per share in its initial public offer (IPO) and debuted on the bourses on March 27, 2018. The stock touched an all-time high of Rs 741 on August 9, 2018.

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