Shares of Bandhan Bank reached a 52-week high of ₹199.90 on the National Stock Exchange (NSE) on Wednesday, climbing over 10% to trade at ₹196.76 around 11:08 AM. The stock emerged as one of the most active during the session, with over 6.38 crore shares exchanged, reflecting a traded value of ₹1,249 crore. This surge follows the release of the private sector lender’s Q4FY26 results on April 28, which significantly surpassed market expectations.
Analysts and investment firms are becoming increasingly optimistic about the stock. JM Financial revised its target price for Bandhan Bank to ₹200 from ₹160, while maintaining an ADD rating. The update values the bank at 1.1 times its FY28 estimated book value. The brokerage highlighted that the bank’s credit cost declined sharply to 1.9%, compared to its initial estimate of 3.1%, and noted that the Profit After Tax (PAT) exceeded JM Financial’s forecasts by a notable 115%. Nirmal Bang’s retail research team described the results as “above expectations,” reporting an adjusted PAT of ₹534 crore against their estimate of ₹410 crore. They pointed out that the stock trades at a trailing price-to-adjusted book value of 1.2, indicating potential for a valuation re-rating.
The key figures from the Q4FY26 report that have sparked investor enthusiasm include a 68% year-on-year increase in net profit, which reached ₹530 crore, alongside a 159% sequential rise. Meanwhile, net interest income showed modest growth, reaching ₹2,795 crore. More importantly, the bank’s asset quality improved, as the gross Non-Performing Assets (NPA) ratio fell to 3.3%, and credit costs decreased significantly to 2.0% from 3.9% a year earlier, largely due to lower slippages, particularly in the Emerging Entrepreneurs Business segment. Provisions dropped to ₹677 crore, well below the expected ₹1,008 crore, while the net interest margin improved to 6.2% from 5.9% in the previous quarter.
The management has maintained its guidance for FY27, targeting a return on assets of 1.6% to 1.8%, a goal that the market appears to be increasingly confident about. At current trading levels, the stock has appreciated nearly 34% in the past month and 38% year-to-date, outpacing the Nifty Private Bank index, which has declined by approximately 8% during the same time frame.
Published on April 29, 2026.
