India's Bandhan Bank slump as brokerages flag conservative guidance

Bandhan Bank

22/07/2026 05:08

** Shares of Bandhan Bank BANH.NS down 10% at 187.95--biggest pct fall in over three years
** Stock price lowest since May 20, 2026
** BANH Q1 net profit up about 35% to 5.02 billion rupees ($52.13 million), interest earned up 2.8% to 56.31 billion rupees
** Co sees some moderation in NIM, going forward, as rising deposit, funding costs to limit further margin expansion from Q2 FY27 onwards--Emkay
** Co expects MFI portfolio--a major part of loan portfolio--to remain impacted by external headwinds, will continue to pursue "calibrated growth strategy" rather than "aggressive expansion," brokerage notes
** Emkay retains "Buy" rating, raise TP by 9% to street high of 240 rupees
** Feel management's cut guidance on exit RoA from 1.6-1.8x to 1.2-1.4x is conservative and bank may see some easing of funding costs in H2--Jefferies; maintains "Buy" rating, raises TP to 240 rupees vs 215 rupees earlier
** 13 out of 25 analysts rate the stock "Buy" or higher, eight rate stock "Hold", and four rate the stock "Sell" or lower
** YTD, stock up 28.89%
     
     
($1 = 96.3050 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))