Bandhan Bank shares crash 10% after Q1 results, RoA guidance cut. Time to sell?

Bandhan Bank shares fell 10% to Rs 187.95, locked at the lower circuit, after Q1FY27 results triggered a downgrade by Motilal Oswal to 'Neutral' with a target of Rs 225. While net profit rose 35% YoY to Rs 502 crore on a 41% drop in provisions, operating profit declined 19% YoY to Rs 1,358 crore and NIM contracted 16 basis points to 6.2%. The brokerage cut FY27 and FY28 earnings estimates by 14% and 6% respectively after management lowered its Q4FY27 RoA guidance citing an uncertain global macro environment and heightened deposit competition.