INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on DCB Bank Ltd
with a target price of Rs 162
The current market price of DCB Bank Ltd
Time period given by the analyst is Intra Day when DCB Bank Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 153
DCB Bank Ltd., incorporated in 1995, has a market cap of Rs 4836.66 crore
key Products/Revenue Segments include Interest Discount on Advances Bills which contributed Rs 1940.27 Crore to Sales Value (80.40 % of
Total Sales), Income From Investment which contributed Rs 420.79 Crore to Sales Value (17.43 % of Total Sales), Interest which contributed
Rs 33.90 Crore to Sales Value (1.40 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs
18.03 Crore to Sales Value (0.74 % of Total Sales)for the year ending 31-Mar-2018
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 409.98 Crore (1.84 % of total assets) and Net Non Performing Assets
(Net NPAs) of Rs 155.27 Crore (.70% of total assets)
For the quarter ended 30-09-2018, the company has reported a Standalone Interest Income of Rs 591.69 Crore, up 4.44 % from last quarter
Interest Income of Rs 566.51 Crore and up 26.18 % from last year same quarter Interest Income of Rs 468.94 Crore
The bank has reported net profit after tax of Rs 73.44 Crore in latest quarter.
