DCB BANK Surges by 5%; BSE BANKEX Index Up 1.6%

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DCB BANK share price has zoomed 5% and is presently trading at Rs 202.

Meanwhile, the BSE BANKEX Index is at 34,433 (up 1.6%).

Among the top Gainers in the BSE BANKEX Index today is DCB BANK (up 5.0%).

PNB (down 1.2%) is among the top loser today.

Over the last one year, DCB BANK has moved up from Rs 190 to Rs 202, registering a gain of Rs 12 (up 6.1%).

On the other hand, the BSE BANKEX has moved up from 28,386 to 34,433, registering a gain of 6,047 points (up 21.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.1%), ICICI BANK (up 41.5%) and SBI (up 26.7%).

What About the Benchmark Indices?

The BSE Sensex is at 39,364 (up 0.9%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.2%), ICICI BANK (up 3.5%) and ONGC (up 2.4%). Other gainers include L&T (up 1.7%) and MARUTI SUZUKI (up 1.7%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and YES BANK.

In the meantime, NSE Nifty is at 11,811 (up 0.9%). ICICI BANK (up 3.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,364, registering a gain of 5,059 points (up 14.4%).

DCB BANK Financial Update…

DCB BANK net profit stood at Rs 861 million for the quarter ended December 2018, compared to a profit of Rs 570 million a year ago. Operating income rose 27.3% to Rs 7.8 billion during the period as against Rs 6.1 billion in October-December 2017.

For the year ended March 2018, DCB BANK reported 22.9% increase in net profit to Rs 2.5 billion compared to net profit of Rs 2.0 billion during FY17.

Revenue of the company grew 16.2% to Rs 24 billion during FY18.

The current Price to earnings ratio of DCB BANK, based on rolling 12 month earnings, stands at 21.2x. p >

This article (DCB BANK Surges by 5%; BSE BANKEX Index Up 1.6%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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