Bandhan Bank Share: From Lower Circuit to Multibagger Potential? Expert Predicts ₹580 Target
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Bandhan Bank Shares Plunge, Expert Predicts 200% Multibagger Return to ₹580
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CNBC Awaaz•17-03-2026, 11:03
Bandhan Bank Shares Plunge, Expert Predicts 200% Multibagger Return to ₹580
•Bandhan Bank shares hit a 10% lower circuit on March 16, 2026, falling to ₹157.95, triggered by promoter Bandhan Financial Services exploring stake sale or IPO options.
•The sharp decline, first since March 2020, followed reports of Jefferies assessing investor interest for the promoter's stake, including private equity funds.
•The promoter's move aims to provide an exit for large institutional investors like IFC and GIC Ventures, and reduce promoter shareholding to meet regulatory norms.
•Shares have faced continuous pressure, down 6% in the last month and 22% in three years, with Foreign Institutional Investors (FIIs) reducing their stake.
•Market expert Sushil Kedia predicts Bandhan Bank shares, currently around ₹160, could reach ₹580 in the long term, indicating a potential 200% return.
