Bandhan Bank surged 6.7% on ~5x its 50-day average volume to enter a new high ground. The Company reported soild Q1 results today. Net interest income was up 39.4% to Rs 1,037 crore where as net profit grew 47.5% to Rs 481 crore. Asset quality remained stable as gross non-performing asset was marginally up at 1.26% q/q. The stock is currently trading 11% above its pivot price of Rs 540.80.
