Stock Market: Bandhan Bank share price today jumps 4.5 pct; experts say buy - check money-making strategy

Stock Market News: Bandhan Bank share price history suggests that the shares have been on the upside after hitting one-month low of Rs 254.80 on 24th September 2020. Today, Bandhan Bank shares have skyrocketed to the tune of nearly 4.7 per cent and hit Rs 285.80 per stock mark at 12:50 PM. According to the stock market experts, Bandhan Bank shares are showcasing an upside movement and are poised to hit levels of even up to Rs 390.

Speaking on the Bandhan Bank share price outlook for immediate short-term, Sumeet Bagadia, Executive Director at Choice Broking said, "Bandhan Bank shares are showing some upside movement and one can buy the banking share for immediate short-term target of Rs 300 to Rs 305 maintaining the stop loss at Rs 269."

Simi Bhaumik, a SEBI registered technical equity analyst said, "Bandhan Bank has strong support at Rs 275 and one can hold the counter maintaining the stop loss below Rs 275. The stock will become highly bullish once it breaks the Rs 310 hurdle and sustains above it."

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As per the Emkay Global Financial detailed research on Bandhan Bank shares, "Amid improving collection trends and recent stock correction post promoter OFS to meet regulatory requirement, the stock is reasonably valued at 1.8x Sep’22E ABV and provides a decent upside to our TP of Rs 390, based on 2.7x Sep’22E ABV)."

So, if we go by all the stock market experts' views, Bandhan Bank share can be bought for the long-term at around Rs 280-285 for the target of Rs 390 maintaining the stop-loss at Rs 269.