INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Jul 18, 2018, 04.41 PM ISTEdelweiss has a hold call on DCB Bank Ltd
with a target price of Rs 207
The current market price of DCB Bank Ltd
is Rs 162.2 Time period given by the brokerage is a year when DCB Bank Ltd
price can reach defined target
DCB Bank Ltd., incorporated in 1995, has a market cap of Rs 5019.88 crore
previous quarters); b) Asset quality was steady with slippages at 2.1% leading to GNPLs of 1.86% (1.79% in FY18); and c) persistently high
cost-income ratio (~60%, albeit improving)
As DCB is nearing its branch expansion exercise, we anticipate operating leverage benefits would start flowing in
implying limited upside from current level
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