🏦 Bandhan Bank Ltd (BANDHANBNK) | ₹156.6 ▼ -8.2%

came under selling pressure, dropping over 8% amid concerns over asset quality and higher provisioning. Despite strong advances growth, investor sentiment remains cautious as NIM compression and slippages from the microfinance portfolio weigh on near-term performance. Technical View: The stock slipped sharply below key support at ₹165, forming a large bearish candle with strong volume (~61M). It trades below its 14-EMA (₹167), suggesting a breakdown from a short-term consolidation. RSI (14) at 38.9 signals oversold territory but with no sign of reversal yet. The next support lies near ₹150–₹148, while resistance is seen around ₹165–₹170. Momentum remains weak, and a sustained close above ₹165 is needed to revive bullish sentiment. Fundamental View: While Bandhan’s advances have grown steadily, asset quality pressures persist in the microfinance and rural lending segments. The bank reported a sequential rise in slippages and higher provisioning, impacting profitability. However, management’s focus on diversification and retail deposit growth offers long-term stability. CASA ratio remains healthy, and credit demand in eastern India continues to support loan growth. Analyst Outlook: Most brokerages maintain a Hold/Neutral stance. Target prices range from ₹165–₹175, reflecting limited near-term upside until asset quality stabilizes. Long-term investors may consider accumulating on dips once earnings visibility improves.