India's Bandhan Bank jumps after quarterly profit rise; brokerages lift TP

Bandhan Bank

29/04/2026 05:32

** Shares of India's Bandhan Bank BANH.NS jump 10.58% to 197.56 rupees

** Stock is top gainer on Nifty Private Bank Index .NIFPVTBNK, which is up 0.44%

** The microfinance lender's quarterly net profit rises 68% y/y; provisions and contingencies down ~46.3%

** BOB Capital Markets lifts stock's PT by 37 rupees to 206 rupees, says company's return on assets is set to gradually improve to about 1.6% by FY29

** Emkay lifts PT by 40 rupees to 220 rupees, estimates company to deliver a RoA of 1.3%–1.7% over FY27-FY29, up from 0.6% in FY26

** Ambit lifts PT by 20 rupees to 150 rupees, and warns weak net interest margin expansion and geographically concentrated portfolio could keep credit costs elevated

** YTD, stock up ~34% vs Nifty Private Bank's decline of  nearly 8%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))