DCB BANK at 52 Week High; BSE 500 Index Up 1.0%
June 10, 2019 09:22 AM

DCB BANK share price has hit a 52-week high at Rs 242 (down 0.1%).

Meanwhile, the BSE 500 Index is at 15,522 (up 0.7%).

Among the top gainers in the BSE 500 Index today are DCB BANK (down 5.8%) and COFFEE DAY ENTER. (up 5.8%).

J&K BANK (down 19.0%) and RELIANCE POWER (down 9.9%) are among the top losers today.

Over the last one year, DCB BANK has moved up from Rs 182 to Rs 242, registering a gain of Rs 60 (up 32.06%).

The BSE 500 has moved up from 14,743 to 15,522, registering a gain of 779 points (up 5.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 150.6%), INFO EDGE (up 93.3%) and BATA INDIA (up 81.1%).

What About the Benchmark Indices?

The BSE Sensex is at 39,929 (up 0.7%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.7%), INDUSIND BANK (up 1.7%) and VEDANTA LTD (up 1.6%). Other gainers include TATA MOTORS DVR (up 1.3%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,965 (up 0.8%). YES BANK (up 2.6%) and INDIABULLS HOU. FIN. (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,463 to 39,929, registering a gain of 4,466 points (up 12.5%).

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 22.9x.