Bandhan Bank Closing Bell Updates: Shares Edge Up After Recent Declines

Bandhan Bank (NSE: BANDHANBNK) witnessed a day of consolidation on Friday, July 24, 2026, closing marginally higher after two consecutive sessions of significant declines. The stock opened at ₹165.50, slightly above its previous close of ₹165.84, before climbing to an intraday high of ₹167.71. However, it later retreated to an intraday low of ₹161.95, eventually recovering to finish the session at ₹165.93, registering a modest gain of +0.05%. The total traded volume for the day stood at 29,573,845 shares, notably lower than the elevated volumes seen during the sharp sell-offs earlier in the week. Infosys Stock Update: Share Price Slips 1.69% on Revised FY27 Guidance.

Session Highlights

The trading day for Bandhan Bank started with a mild positive bias, showing some initial upward momentum. This early strength, however, was short-lived as the stock faced resistance and pared its gains, dipping into negative territory by midday. The session saw a period of consolidation around the ₹162-₹165 levels, indicative of a tug-of-war between buyers attempting to find a floor and sellers taking profits or reducing exposure after the preceding sharp drops. A late-session recovery pushed the scrip back above its previous close, settling with a negligible positive change, suggesting a temporary breather from the recent bearish trend.

Drivers & Developments

Today's marginal positive movement came against the backdrop of significant corporate developments earlier in the week. The primary trigger for recent volatility was the bank's Q1 FY27 earnings announcement, followed by a revised Return on Assets (RoA) guidance. Bandhan Bank reported a 35% year-on-year rise in net profit to ₹502 crore for the quarter ended June 30, 2026, largely driven by lower provisions. However, this was overshadowed by the management's decision to lower its FY27 exit RoA guidance to 1.2%-1.4% from the earlier 1.6%-1.8%. This downward revision was attributed to higher technology spending and uncertainties arising from West Asia-led supply chain disruptions. This guidance cut triggered a sharp fall of nearly 17% on July 22nd and a further decline of over 3% on July 23rd. Analyst reactions were mixed, with Jefferies and BofA Securities reiterating 'Buy' ratings with target prices of ₹240 and ₹220, respectively, while Macquarie maintained an 'Underperform' rating with a target of ₹130 due to an uncertain recovery path. JPMorgan and Nomura maintained 'Neutral' ratings, highlighting the guidance cut as the key catalyst for the stock correction. The slight rebound today, accompanied by lower volumes, suggests that the immediate panic selling following the guidance cut might be subsiding, leading to some accumulation at lower levels. The bank's Managing Director & CEO also recently mentioned a conscious reduction in bulk deposits and an increase in retail deposits, alongside exploring alternative funding avenues for credit growth.

52-Week Context

Bandhan Bank's closing price of ₹165.93 places it towards the lower end of its 52-week trading range of ₹134.25 to ₹220.76. The recent sharp declines have pushed the stock significantly below its annual highs, indicating that investor sentiment has been impacted by the revised profitability outlook despite improved asset quality metrics.

What to Watch Tomorrow

Investors will closely monitor any further analyst commentary or corporate updates regarding the bank's strategy to navigate the challenges outlined in its revised RoA guidance. Broader market sentiment and developments in the Indian banking sector will also play a role.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jul 24, 2026 03:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).