Bandhan Bank shares hit 10% lower circuit amid stake sale plans
Bandhan Bank shares dropped 10% to ₹157.95, becoming the top loser on the BSE Midcap index amid reports of promoter stake sale plans. This development heightened market volatility around the stock.
pre-market1 source ↓written by the desknot a recommendation
- at ₹157.95
- 10% lower circuit
The Bandhan Bank share price fell sharply, hitting the 10% lower circuit at ₹157.95 during Monday's trading session. This decline made it the top loser on the BSE Midcap index, driven by reports of the promoter entity exploring stake sale options to facilitate exits for long-term investors.
Market participants reacted swiftly, leading to increased volatility around the stock.
Not investment advice. For informational purposes only.