India's Bandhan Bank jumps on hopes of earnings turnaround, asset quality improvement

Bandhan Bank

23/01/2026 04:54

** Microfinance lender Bandhan Bank's BANH.NS shares rise as much as 5.78%, biggest intraday jump in seven months, to 150.7 rupees; last up 4%

** While BANH posted a 52% fall in December quarter profit Y/Y, multiple brokerages project a turn around in operating performance, improvement in asset quality and attractive valuations as positives

** "After five years of de-rating, valuations look reasonable and we upgrade to "buy" from "neutral"," says Motilal Oswal (PT at 175 rupees)

** "Margins were stable, a relief after two quarters of sharp decline," says global brokerage CLSA ("outperform", PT at 143 rupees)

** Emkay Global upgrades rating on co to "buy" from "add" earlier; PT at 180 rupees

** Given the recent correction and inexpensive valuations, we technically upgrade rating on co and recommend the stock to investors ready to endure near-term pain for long-term gain- Emkay

** Stock rated "hold" on avg by 25 analysts covering it; median PT at 173 rupees- data compiled by LSEG

** In 2025, BANH lost 8%

(Reporting by Komal Salecha in Bengaluru)

((Komal@thomsonreuters.com))