Keeping its bull run intact for the fourth straight session on Wednesday, February 25, shares of Bandhan Bank surged one other 1.3% to ₹182.60, the very best degree since July 2025. Even in the course of the market meltdown within the earlier session, the small-cap banking counter withstood the strain by surging 4%.
The four-day profitable run, together with at this time, has resulted in a cumulative acquire of seven.8% and has contributed to a 17% acquire in February to this point, marking its largest month-to-month acquire since April 2023, when it rallied 17%.
What is maintaining Bandhan Bank shares larger?
The small-cap inventory stole the highlight in late January following better-than-expected efficiency within the December quarter, which inspired not solely the Street but additionally brokerages that upgraded their scores and revised goal costs larger for the inventory.
Since its outcomes announcement on January 22, the inventory has surged 28.20%. Despite the financial institution’s internet revenue declining sharply within the third quarter of this fiscal, primarily on account of elevated credit score prices, it posted a robust working efficiency.
It reported a 51.7% YoY decline in internet revenue to ₹205.59 crore. Sequentially, nevertheless, the lender’s internet revenue surged round 84% QoQ.
Its asset high quality improved, with the gross NPA ratio falling to three.33% in Q3 from 4.68%. Looking forward, analysts count on the underside line to enhance amid moderation in credit score prices.
Following the Q3 numbers, home brokerage agency Motilal Oswal upgraded its ranking on Bandhan Bank to ‘Buy’ with a goal worth of ₹175 apiece. It expects the financial institution’s working efficiency to get better within the coming quarters, with asset high quality regaining normalcy and margins stabilising.
“Although we remain watchful of the forthcoming West Bengal elections, we strongly believe that the current risk-reward is favorable,” the brokerage stated.
Another home brokerage agency, JM Financial, additionally upgraded the inventory to ‘Add’ and elevated its goal worth to ₹160 apiece, because the brokerage sees restricted draw back potential for the inventory.
Meanwhile, ICICI Securities has additionally upgraded the ranking to ‘Buy’ from the sooner ‘Hold’ however saved its goal worth unchanged at ₹175 apiece. The brokerage sees the financial institution delivering a sizeable delta in RoA from 0.6% in FY26E to 1.2% in FY27E, pushed by easing credit score prices.
Bandhan Bank share worth pattern
Bandhan Bank shares have staged a robust comeback in 2026, gaining 25% to this point, after remaining beneath strain all through the second half of 2025, which resulted in an 8.32% drop for the 12 months. This was additionally the second consecutive yearly decline.
Over the final seven years, the inventory has managed to ship a optimistic return in just one 12 months, which was additionally a modest 3%.
Disclaimer: This story is for instructional functions solely. The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to verify with licensed specialists earlier than making any funding choices.
