DCB Bank Ltd
DCBBANK

107.60

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

107.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

107.30

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 109.00

Last updated on 02-Dec-2016

We recommend reduce on account of expansion strategy and weakening return metrics. This is due to business expansion steps and exposure to SME/MSME loans. The stock trades at 1.80x FY17E P/B compared to 1.64x FY17E P/B for peer banks. (Target:Rs.102)
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50 DMA (.)
119.57
100 DMA (.)
116.51
200 DMA (.)
102.25
Weekly Range (.)
105.60
110.00
Monthly Range (.)
100.20
126.00
52 Weeks Range (.)
68.40
132.90
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