−20% from the high · +31% from the low
Long unwinding into a 26-day expiry: futures OI −2.9% on a −1.3% day, the most call OI sits at 190, the most put OI at 190, max pain 185.
BANDHANBNK futures closed at ₹175.86, −0.1% to spot, with 93% of open interest in the 27 Oct contract, and the 175 straddle prices a move of about ±7.6% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹175.86 | −0.14−0.1% | −1.1% | 36,000▼ −3.1% · −1,100 lots | 93 | 1,500 |
| 23 Nov53 days | ₹176.85 | +0.85+0.5% | +3.3% | 2,800▼ −0.2% · −6.0 lots | 7.2 | 47 |
| 29 Dec89 days | ₹176.86 | +0.86+0.5% | +2.0% | 220.0% · 0.00 lots | 0.06 | 10 |
7.3% of futures OI sits beyond the 27 Oct contract · 26 of 46 listed contracts traded · 1,100 option contracts changed hands
The 175 straddle closed at ₹13.42 (call 6.80 + put 6.62), pricing a move of about ±7.6% by the 27 Oct expiry. In the last 253 windows of 19 sessions, BANDHANBNK moved more than that 108 times.
After the last 7 bulletins, BANDHANBNK closed higher five sessions later in 3 of 7.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 23 JulBandhan Bank shares fall 20% after Q1 results | ▲ +0.1%Nifty −0.4% · +0.5 pp | ▲ +2.2%Nifty +0.5% · +1.6 pp | ▲ +5.0%Nifty +2.1% · +2.9 pp | ▲ +3.8%long build-up |
| 29 AprBandhan Bank shares rise to 52-week high on strong Q4 results | ▲ +0.7%Nifty −0.7% · +1.5 pp | ▲ +4.3%Nifty −0.2% · +4.5 pp | ▲ +3.9%Nifty 0.0% · +4.0 pp | ▲ +1.6%long build-up |
| 19 MarBandhan Bank shares drop 7% amid stake sale talks | ▲ +0.2%Nifty +0.5% · −0.3 pp | ▼ −6.2%Nifty −2.1% · −4.0 pp | ▼ −10.6%Nifty −2.9% · −7.7 pp | ▲ +0.6%long build-up |
| 18 MarBandhan Bank shares drop 12% on stake sale speculation | ▼ −3.3%Nifty −3.3% · −0.1 pp | ▼ −3.1%Nifty −2.8% · −0.3 pp | ▼ −8.9%Nifty −4.0% · −4.9 pp | ▼ −2.0%long unwinding |
| 18 MarBandhan Bank shares decline amid stake sale speculation | ▲ +2.5%Nifty +0.8% · +1.6 pp | ▼ −0.9%Nifty −2.5% · +1.5 pp | ▼ −3.9%Nifty −1.2% · −2.7 pp | ▼ −0.1%short covering |
| 17 MarBandhan Bank shares hit 10% lower circuit amid stake sale plans | ▼ −1.8%Nifty +0.7% · −2.6 pp | ▲ +0.6%Nifty +1.6% · −1.0 pp | ▼ −7.7%Nifty −2.1% · −5.6 pp | ▼ −0.6%long unwinding |
| 12 FebRBI approves ICICI Prudential's stake acquisition in Bandhan Bank | ▲ +0.8%Nifty −0.6% · +1.3 pp | ▼ −1.7%Nifty −1.9% · +0.2 pp | ▲ +0.7%Nifty −1.9% · +2.6 pp | ▼ −7.5%short covering |
Revenue ₹5,631 cr, +2.8% on a year earlier; profit ₹502 cr, +35% in the Jun 2026 quarter, standalone.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 21 Jul | ₹5,631 cr | ▲ +2.8% | ₹502 cr | ▲ +35% | 3.11 | ▼ −16.9%Nifty −0.8% · −16.1 pp |
| Mar 2026filed 28 Apr · audited | ₹5,428 cr | ▼ −0.10% | ₹534 cr | ▲ +68% | 3.31 | ▲ +11.0%Nifty +0.8% · +10.2 pp |
| Dec 2025filed 22 Jan | ₹5,431 cr | ▼ −0.87% | ₹206 cr | ▼ −52% | 1.28 | ▲ +4.8%Nifty −0.9% · +5.8 pp |
| Sept 2025filed 30 Oct | ₹5,354 cr | ▼ −2.6% | ₹112 cr | ▼ −88% | 0.69 | ▼ −8.2%Nifty −0.6% · −7.6 pp |
| Jun 2025filed 18 Jul | ₹5,476 cr | ▼ −1.1% | ₹372 cr | ▼ −65% | 2.31 | ▼ −2.5%Nifty +0.5% · −3.0 pp |
| Mar 2025filed 30 Apr · audited | ₹5,434 cr | ▲ +4.7% | ₹318 cr | ▲ +480% | 1.97 | ▼ −2.3%Nifty +0.1% · −2.4 pp |
| Dec 2024filed 31 Jan | ₹5,479 cr | ▲ +17% | ₹426 cr | ▼ −42% | 2.65 | 0.0%Nifty −0.1% · +0.1 pp |
| Sept 2024filed 25 Oct | ₹5,500 cr | — | ₹937 cr | — | 5.82 | ▲ +9.9%Nifty +0.7% · +9.2 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹21,689 cr | ▼ −1.2% | ₹1,224 cr | ▼ −55% | 7.59 |
| FY25to Mar 2025 | ₹21,948 cr | — | ₹2,745 cr | — | 17.04 |
BANDHANBNK trades at 21 times trailing earnings against 16 for its industry, revenue −0.20% over twelve months, a 1.7% dividend yield, market cap ₹28,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| HDFCBANKHDFC Bank Limited | 11,00,000 cron 1 Oct | 14consolidated | — | ₹721.20 |
| ICICIBANKICICI Bank Limited | 9,40,000 cron 1 Oct | 17consolidated | — | ₹1,310.60 |
| KOTAKBANKKotak Mahindra Bank Limited | 4,20,000 cron 1 Oct | 11consolidated | — | ₹418.35 |
| AXISBANKAxis Bank Limited | 3,80,000 cron 1 Oct | 14consolidated | — | ₹1,217.10 |
| IDBIIDBI Bank Limited | 93,000 cron 1 Oct | — | — | ₹86.55 |
| FEDERALBNKThe Federal Bank Limited | 79,000 cron 1 Oct | 17consolidated | — | ₹318.20 |
| IDFCFIRSTBIDFC First Bank Limited | 69,000 cron 1 Oct | 31consolidated | — | ₹80.40 |
| INDUSINDBKIndusInd Bank Limited | 69,000 cron 1 Oct | 52consolidated | — | ₹886.85 |
| YESBANKYes Bank Limited | 65,000 cron 1 Oct | 17consolidated | — | ₹20.75 |
| RBLBANKRBL Bank Limited | 64,000 cron 1 Oct | 30consolidated | — | ₹411.40 |
| KARURVYSYAKarur Vysya Bank Limited | 31,000 cron 1 Oct | — | — | ₹325.30 |
| BANDHANBNKBandhan Bank Limited | 28,000 cron 1 Oct | 21standalone | — | ₹176.00 |
| CUBCity Union Bank Limited | 23,000 cron 1 Oct | — | — | ₹230.05 |
| J&KBANKThe Jammu & Kashmir Bank Limited | 15,000 cron 1 Oct | — | — | ₹140.00 |
| TMBTamilnad Mercantile Bank Limited | 14,000 cron 1 Oct | — | — | ₹872.05 |
| SOUTHBANKThe South Indian Bank Limited | 12,000 cron 1 Oct | — | — | ₹47.45 |
| KTKBANKThe Karnataka Bank Limited | 12,000 cron 1 Oct | — | — | ₹321.60 |
| DCBBANKDCB Bank Limited | 6,400 cron 1 Oct | — | — | ₹199.70 |
| CSBBANKCSB Bank Limited | 5,300 cron 1 Oct | — | — | ₹304.75 |
| DHANBANKDhanlaxmi Bank Limited | 1,100 cron 1 Oct | — | — | ₹26.95 |
Promoters hold 37.5%, foreign portfolio investors 17.7%, mutual funds 19.6% and insurance companies 5.7%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 37.54▼ −1.44 pp | 38.98▼ −0.76 pp | 39.74▼ −0.55 pp | 40.29▼ −0.63 pp | 40.92 |
| Foreign portfolio investors | 17.72▼ −2.11 pp | 19.83▼ −0.01 pp | 19.84▼ −1.12 pp | 20.96▼ −0.90 pp | 21.86 |
| Mutual funds | 19.65▲ +4.05 pp | 15.60▲ +3.81 pp | 11.79▲ +2.80 pp | 8.99▲ +1.17 pp | 7.82 |
| Insurance companies | 5.66▲ +0.76 pp | 4.90▼ −0.62 pp | 5.52▼ −2.08 pp | 7.60▲ +0.09 pp | 7.51 |
| Banks and financial institutions | 2.16▲ +0.33 pp | 1.83▲ +0.38 pp | 1.45▲ +0.22 pp | 1.23▲ +0.04 pp | 1.19 |
| Individual investors | 13.84▼ −0.46 pp | 14.30▼ −2.30 pp | 16.60▲ +0.68 pp | 15.92▲ +0.23 pp | 15.69 |
| Bodies corporate | 1.26▲ +0.18 pp | 1.08▼ −0.19 pp | 1.270.00 pp | 1.27▼ −0.03 pp | 1.30 |
| Government | 0.070.00 pp | 0.070.00 pp | 0.070.00 pp | 0.070.00 pp | 0.07 |
| Other foreign holders | 0.92▼ −1.32 pp | 2.24▼ −0.24 pp | 2.480.00 pp | 2.480.00 pp | 2.48 |
| Others | 1.18▲ +0.01 pp | 1.17▼ −0.07 pp | 1.24▲ +0.04 pp | 1.20▲ +0.04 pp | 1.16 |
Nothing upcoming on record; the last was a dividend of ₹1.50 a share, ex-date 17 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 17 Aug 2026 | dividend | ₹1.50 | 17 Aug 2026 | BSE |
| 14 Aug 2025 | dividend | ₹1.50 | 14 Aug 2025 | BSE |
| 13 Aug 2024 | dividend | ₹1.50 | — | BSE |
BANDHANBNK is +9.0% over 20 sessions against Nifty's −6.2%, 20% below its 52-week high, realised volatility 40% annualised.
| Window | From ₹ | BANDHANBNK % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹155.03 | ▲ +14% | ▼ −9.1% | +23 |
| 120 sessionssince 9 Apr | ₹165.94 | ▲ +6.1% | ▼ −5.7% | +12 |
| 60 sessionssince 8 Jul | ₹196.03 | ▼ −10% | ▼ −6.1% | −4.1 |
| 20 sessionssince 2 Sept | ₹161.53 | ▲ +9.0% | ▼ −6.2% | +15 |
| 5 sessionssince 24 Sept | ₹182.90 | ▼ −3.8% | ▼ −2.8% | −0.99 |
| 1 sessionsince 30 Sept | ₹178.23 | ▼ −1.2% | ▼ −0.88% | −0.37 |
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