Shares of Bandhan Bank Ltd rose 1.13 per cent to Rs 235.4 at 11:22AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 107,224 shares with a turnover of Rs 2.51 crore till 11:22AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.52, while the price-to-book value ratio stood at 1.61. Return on equity (ROE) was at 11.2 per cent, according to exchange data. The stock hit an intraday high of Rs 235.4 and a low of Rs 233.1 during the session and quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 182.2. The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.26. The 200-DMA (day moving average) of the stock stood at Rs 232.98 on January 12, while the 50-DMA was at Rs 231.17. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 47.52. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. As of 30-Sep-2023, promoters held 39.98 per cent stake in the company, while overseas investors held 32.78 per cent and domestic institutional investors had 13.13 per cent.