Buy call to DCB Bank share, Target Price – Rs.115 / –
Axis Securities has given a buy call to DCB Bank shares and has given a target price of Rs. 115 / -. At present the market price of this stock is Rs.74.85 / -. The expected period for the target price will be 1 year.
It is a banking company established in 1995 with a market capitalization of Rs. 2332.32 / – crore.
The major product and revenue generation of the bank is from advance and bill interest / discount, investment income, RBI balance interest, and other funds.
Total income increased by 6.54% to Rs. 1034.71 crore. In the same quarter last year, the amount was Rs. 971.16 crore.
Net profit for the quarter ended March was Rs. 113.44 crore. The company has a promoter holding of 14.86%, FII holding of 8.82% and DII holding of 38.7%.
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