Bandhan Bank shares decline ten percent despite rise in quarterly profit

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Bandhan Bank's shares fell more than 10% after its June quarter results.
The bank reported a rise in quarterly profit, but this was helped by lower provisions.
Brokerages remain divided on the lender's recovery prospects, citing a more conservative profitability outlook.
The sharp share decline suggests the market focused on concerns in the outlook rather than the headline profit growth.

How brokerages revise or maintain their ratings and price targets after Q1 results
Whether the bank's more conservative profitability outlook affects future quarters
Clarity on asset quality and provisioning trends in coming quarters

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Named India · Bandhan Bank

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