Bandhan Bank Shares Reach 7-Month High, Extending Rally to Fourth Consecutive Day

Bandhan Bank Share Price Surges to ₹182.60, Highest Level Since July 2025

Market Update

Shares of Bandhan Bank continued their winning streak for the fourth consecutive session on February 25, surging 1.3% to ₹182.60, the highest level since July 2025. This four-day winning run has resulted in a cumulative gain of 7.8%, contributing to a 17% gain in February so far, marking its biggest monthly gain since April 2023.

Quarterly Performance

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Bandhan Bank's better-than-expected performance in the December quarter impressed investors and brokerages, leading to upgrades in ratings and revised target prices. Since its results announcement on January 22, the stock has surged 28.20%. Despite a 51.7% YoY decline in net profit to ₹205.59 crore in the third quarter, the lender's operating performance remained strong, with a 84% QoQ surge in net profit.

Asset Quality and Outlook

The bank's asset quality improved, with the gross NPA ratio falling to 3.33% in Q3 from 4.68%. Analysts expect the bottom line to improve amid moderation in credit costs. Following the Q3 numbers, domestic brokerage firm Motilal Oswal upgraded its rating on Bandhan Bank to 'Buy' with a target price of ₹175 apiece.

Brokerage Ratings and Targets

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• Motilal Oswal: Upgraded rating to 'Buy' with a target price of ₹175 apiece.
• JM Financial: Upgraded the stock to 'Add' and increased its target price to ₹160 apiece.
• ICICI Securities: Upgraded the rating to 'Buy' from the earlier 'Hold' but kept its target price unchanged at ₹175 apiece.

Share Price Trend

Bandhan Bank shares have staged a strong comeback in 2026, gaining 25% so far, after remaining under pressure throughout the second half of 2025, which resulted in an 8.32% drop for the year. Over the last seven years, the stock has managed to deliver a positive return in only one year, which was also a modest 3%.