India's Bandhan Bank gains after UBS price target hike

Bandhan Bank

02/07/2025 07:22

** Shares of Bandhan Bank BANH.NS rise 2% to 190.9 rupees apiece

** UBS raises price target to 210 rupees from 165 rupees, reiterates "neutral" on the microfinance lender's stock

** UBS' new price target implies an upside of 12.2% over the last close

** UBS says industry trends are stabilising and sees gains from a gradual drop in credit costs

** The average rating of 25 analysts tracking BANH is "buy"; the median price target is 185 rupees, according to data compiled by LSEG

** BANH shares are up 17.7% in 2025 so far, outpacing the 13.8% rise in Nifty private bank index .NIFPVTBNK, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))