Bandhan Bank Ltd: Motilal Oswal’s Ruchit Jain Sees Upside Target of ₹226 with ₹212 Stop Loss

Bandhan Bank Ltd shares are back in focus after Motilal Oswal analyst Ruchit Jain issued a bullish trading call with a target price of ₹226 and a stop loss at ₹212. The recommendation comes as banking stocks continue to attract investor interest in June 2026 amid improving market sentiment. With technical indicators showing strength and traders watching key price levels closely, many investors are now asking whether Bandhan Bank could be preparing for its next upward move.

Ruchit Jain’s Bullish View on Bandhan Bank Stock

Key Trade Setup Recommended by Motilal Oswal

Bandhan Bank shares have attracted fresh attention after Motilal Oswal technical analyst Ruchit Jain identified the stock as a short-term trading opportunity. His recommendation includes an upside target of ₹226 while maintaining a stop loss at ₹212.

The setup is designed for traders looking to capture momentum in the banking sector. The risk-reward profile remains favorable as long as the stock holds above the suggested support zone.

Why are Technical Analysts Turning Positive?

Analysts are seeing signs of strength after the stock recovered from its earlier lows. Momentum indicators have improved, and buying activity has increased in recent sessions.

Bandhan Bank recently traded near the upper end of its 52-week range of ₹134.25–₹212.66, suggesting stronger sentiment among market participants. Analysts also point to improving price structure and volume support. 

What Is Driving Optimism in Bandhan Bank Shares?

Improving Business Fundamentals

Beyond technical signals, the bank’s operational performance has improved significantly. For the quarter ended March 2026, loans and advances reached approximately ₹1.54 lakh crore, up 12.6% year over year. Deposits increased about 10% during the same period.

📈 Bandhan Bank Q4FY26 Results: Key Financial Highlights | MCap 29,980.18 Cr

• Net profit after tax (PAT) surged to ₹5.3 billion, rising 68.0% year-over-year and 159.2% quarter-over-quarter
• Gross advances reached ₹1,542.3 billion, up 12.6% year-over-year and 6.2%… pic.twitter.com/kucUDGL5cC

— Investor Feed (@_Investor_Feed_) April 28, 2026

Bandhan Bank also reported a 68% jump in Q4 FY26 net profit to ₹534 crore. Better asset quality and lower provisioning helped drive earnings growth. Net interest income rose to ₹2,796 crore. Source: Moneycontrol.

Banking Sector Tailwinds in 2026

Indian banking stocks have benefited from stable credit demand and improving investor confidence. Private banks with expanding loan books are receiving renewed attention.

Bandhan Bank’s management is targeting nearly 15% credit growth and a return on assets of 1.5% by FY27 as asset quality continues to improve. 

Technical Analysis of Bandhan Bank Share Price

Important Support and Resistance Levels

The key support level identified by Ruchit Jain is ₹212. A sustained move above this area may keep bullish momentum intact.

The immediate resistance and target zone is ₹226. If the stock breaks above that level with strong volume, traders could see additional upside.

Indicators Supporting the Bullish Setup

Several technical indicators currently favor buyers:

• Positive price momentum
• Improving volume participation
• Strength above key moving averages
• Better relative performance versus some banking peers

The stock has also recovered sharply following strong quarterly earnings, reinforcing positive sentiment.

What Could Invalidate the Bullish View?

Investors should monitor potential risks:

• A close below ₹212
• Weakness in banking stocks
• Deterioration in microfinance asset quality
• Unexpected economic or regulatory developments

Bandhan Bank remains exposed to the microfinance segment, although management is gradually diversifying the loan portfolio.

Should Investors Buy Bandhan Bank Stock Now?

Traders vs Long-Term Investors

For short-term traders, the current setup offers a clearly defined target and stop loss. That makes risk management easier.

Long-term investors should focus on earnings growth, asset quality, loan expansion, and deposit growth. An AI stock analysis tool can also help investors compare technical signals with fundamental trends before making decisions.

Short Stock Details and Forecast

• Stock: Bandhan Bank Ltd
• NSE Symbol: BANDHANBNK
• Sector: Private Banking
• Market Cap: About ₹322 billion
• Analyst Consensus: Buy
• Highest tracked analyst target: ₹231
• Ruchit Jain target: ₹226
• Earnings Date: July 2026

What Meyka Says?

Meyka’s latest analysis highlights improving momentum in Bandhan Bank as profitability recovers and business growth strengthens. The platform’s outlook aligns with the broader bullish sentiment developing around the stock, though investors should continue tracking asset quality trends and execution risks.

Supporting Insights From Other Analysts

Other market analysts remain constructive on Bandhan Bank following its stronger Q4 FY26 performance. Consensus estimates tracked by S&P Global show a “Buy” rating, with several analysts expecting further improvement as credit growth accelerates and asset quality stabilizes.

Conclusion

Bandhan Bank is showing signs of recovery after a challenging period. Stronger earnings, double-digit loan growth, and improving asset quality have strengthened investor confidence. Ruchit Jain’s target of ₹226 reflects growing bullish momentum, while the ₹212 stop loss provides a clear risk-management level. 

Traders may find the setup attractive in the short term, but long-term investors should continue monitoring credit quality, business diversification, and future earnings performance before increasing exposure.

Disclaimer: The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.