Bandhan Bank Shares Crash 10% After Q1 Results; Lender Cuts RoA Guidance

Summary

Bandhan Bank shares plunged nearly 15% after its Q1 results, despite a 35% year-on-year rise in net profit, due to a lowered return on assets (RoA) guidance and a decline in operating profit. Motilal Oswal downgraded the stock to 'Neutral' citing uncertain global macros and increased competition.