DCB BANK Surges by 6%; BSE BANKEX Index Up 0.8%
February 25, 2019 03:12 PM

DCB BANK share price has zoomed 6% and is presently trading at Rs 183.

Meanwhile, the BSE BANKEX Index is at 30,325 (up 0.8%).

Among the top Gainers in the BSE BANKEX Index today is DCB BANK (up 5.9%).

KOTAK MAH. BANK (down 0.1%) and AXIS BANK (down 0.1%) are among the top losers today.

Over the last one year, DCB BANK has moved up from Rs 162 to Rs 183, registering a gain of Rs 21 (up 12.7%).

On the other hand, the BSE BANKEX has moved up from 28,179 to 30,325, registering a gain of 2,146 points (up 7.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 32.5%), KOTAK MAH. BANK (up 15.6%) and HDFC BANK (up 14.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,197 (up 0.9%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 3.7%), INFOSYS LTD (up 3.0%) and TCS (up 3.0%). Other gainers include HCL TECH. (up 1.6%) and INDUSIND BANK (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,881 (up 0.8%). YES BANK (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,820 to 36,197, registering a gain of 2,377 points (up 7.0%).

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 19.2x.