DCB BANK at All Time High; BSE BANKEX Index Down 0.1%
June 4, 2019 10:42 AM

DCB BANK share price has hit an all-time high at Rs 237 (up 1.5%).

Meanwhile, the BSE BANKEX Index is at 35,644 (down 0.1%).

Among the top gainers in the BSE BANKEX Index today are DCB BANK (up 1.5%) and SBI (up 0.5%).

HDFC BANK (down 0.1%) and KOTAK MAHINDRA BANK (down 0.2%) are among the top losers today.

Over the last one year, DCB BANK has moved up from Rs 175 to Rs 237, registering a gain of Rs 61 (up 34.7%).

The BSE BANKEX has moved up from 29,358 to 35,644, registering a gain of 6,286 points (up 20.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.2%), ICICI BANK (up 46.8%) and SBI (up 35.6%).

What About the Benchmark Indices?

The BSE Sensex is at 40,312 (down 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 2.5%), NTPC (up 1.9%) and POWER GRID (up 1.2%). Other gainers include ITC (up 0.9%) and VEDANTA LTD (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 12,095 (down 0.3%). The top gainers in the NSE Nifty include YES BANK (up 2.4%), ITC (up 1.3%) and WIPRO (up 1.2%). Other gainers include EICHER MOTOR (up 1.1%) and POWER GRID (up 1.0%).

Over the last 12 months, the BSE Sensex has moved up from 35,012 to 40,312, registering a gain of 5,300 points (up 14.7%).

DCB BANK Financial Update...

DCB BANK net profit stood at Rs 963 million for the quarter ended March 2019, compared to a profit of Rs 861 million a year ago. Operating income rose 6.4% to Rs 8.3 billion during the period as against Rs 7.8 billion in January-March 2018.

For the year ended March 2019, DCB BANK reported 32.6% increase in net profit to Rs 3.3 billion compared to net profit of Rs 2.5 billion during FY18.

Revenue of the company grew 26.0% to Rs 30 billion during FY19.

The current Price to earnings ratio of DCB BANK, based on rolling 12 month earnings, stands at 22.5x.