Bandhan Bank share price target: Nomura India has cut its target price to Rs 270 from Rs 325 earlier, Kotak Institutional Equities to Rs 260 from Rs 280, Nuvama to Rs 242 from Rs 255 and Nirmal Bang to Rs 247 from Rs 325.
Majority of brokerages see Bandhan Bank to report a flattish performance in the NIIs in the range of Rs 2,450-2,525 crore, with NIMs contracting on both YoY and QoQ basis.
Bandhan Bank s Q1FY24 results are expected to be weak due to a sequential decline in loan growth and seasonably weak quarter, with net profit projected to fall up to 14%. However, the bank anticipated loan and deposit growth to be 20% above industry