DCB Bank jumps 3.4% after its asset quality improved in Q2

India Infoline News Service | Mumbai | October 17, 2016 16:18 IST

The gross NPAs of the bank increased to 1.75% of total advances, from 1.7% at the end of second quarter of 2015-16.

DCB Bank Ltd  rallied 3.2% on the BSE. DCB Bank reported a 31.3% increase in net profit at Rs 48.9 crore for the quarter ended on September 30, 2016. The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal.

The gross NPAs of the bank increased to 1.75% of total advances, from 1.7% at the end of second quarter of 2015-16.

The scrip opened at Rs 125.5 and has touched a high and low of Rs 127.65 and Rs 122.85 respectively. So far 2824097 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3473.76 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 129 on 05-Oct-2016 and a 52 week low of Rs 68.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs 128 and Rs 119.5 respectively.

The promoters holding in the company stood at 16.23 % while Institutions and Non-Institutions held 41.29 % and 42.48 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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