Dena Bank
DENABANK

37.65

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Turnover (lac)
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Day's Vol.(shares)

37.80

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Sell
Reco. Price
Rs 36.70
We recommend SELL on the stock based on deterioration in NPAs from exposure to high-risk industries and MSME segments. Significant capital requirement to grow its loan book also raises concerns about future operating performance. The stock is currently trading at an expensive valuation of 0.4x FY18E P/BV, considering the consistent deterioration of RoE and RoA. (Target Price - Rs.32.7)
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50 DMA (.)
36.84
100 DMA (.)
35.80
200 DMA (.)
36.52
Weekly Range (.)
36.70
39.90
Monthly Range (.)
36.25
39.90
52 Weeks Range (.)
27.65
43.90
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