DCB Bank Ltd
DCBBANK

151.90

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

151.85

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

152.40

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reco. Price
Rs 131.00
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 2x FY17E P/B compared to 1.64x FY17E P/B for peer banks. (Target:Rs.140)
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50 DMA (.)
118.74
100 DMA (.)
118.99
200 DMA (.)
111.86
Weekly Range (.)
131.50
157.80
Monthly Range (.)
117.20
157.80
52 Weeks Range (.)
68.45
157.80
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