Bandhan Bank shares crash 10% after Q1 results; lender cuts RoA guidance. Should you buy, sell or hold?

Bandhan Bank shares fell 10% to Rs 187.95 and hit the lower circuit after Q1 FY27 results, as the lender cut its RoA guidance to 1.2-1.4% from 1.6-1.8% on uncertain global macros and higher deposit pricing competition. Net profit rose 35% YoY to Rs 502 crore, beating estimates due to lower provisioning, but operating profit declined nearly 19% YoY to Rs 1,358 crore and NIM fell 16 bps to 6.2%. Motilal Oswal downgraded the stock to Neutral with a target price of Rs 225, while slashing FY27 and FY28 earnings estimates by 14% and 6% respectively.