Dhanlaxmi Bank rises 12% post strong Q2 nos

The bank's net profit spiked 81.6% yoy at Rs22.1cr vs. Rs12.1cr in the year-ago period.

Oct 31, 2019 07:10 IST India Infoline News Service

Shares of Dhanlaxmi Bank rose over 12% on October 31 after the company reported strong numbers for Q2FY20.

The bank's net profit spiked 81.6% yoy at Rs22.1cr vs. Rs12.1cr in the year-ago period.

Its gross NPA came down to 7.06% from 7.61% qoq, while the net NPA was down to 1.65% from 2.35% qoq.

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Dhanlaxmi Bank Ltd is currently trading at Rs16.80 up by Rs0.52 or 3.19% from its previous closing of Rs16.28 on the BSE.

The scrip opened at Rs16.60 and has touched a high and low of Rs18.30 and Rs16.46 respectively.

So far 89,71,906 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs411.90cr.

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