Shares of Bandhan Bank slumped 8.34% in the past three trading sessions to settle at Rs 414.65 yesterday, 19 February 2020, from its close of Rs 452.40 on Friday, 14 February 2020.
In the past one month, the stock dropped 12.18% to its current market price of Rs 424.50.
On the technical front, the stock’s RSI (relative strength index) stood at 37.071. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
On a standalone basis, Bandhan Bank’s net profit jumped 120.7 % to Rs 731.03 crore on a 63.3% surge in total income to Rs 3,075.34 crore in Q3 December 2019 over Q3 December 2018.
Bandhan Bank is a commercial bank, which offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services.