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Shares of Bandhan Bank are up 27% so far in April, marking their best monthly performance since June 2020, when the stock had jumped 47%.
CLSA and UBS raised Bandhan Bank price targets due to improved asset quality and lower credit costs.
KEY POINTS
- Management targets 14-15% loan growth and 10-20bps margin improvement over the next 2-3 quarters.
- UBS and JPMorgan cite volatility and macro headwinds, remaining neutral despite higher RoA guidance for FY27.
- Macquarie questions consistency and rates Bandhan Bank 'underperform' despite recent PAT estimate beat.
COMPANIES
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