DCB BANK at All Time High; BSE BANKEX Index Up 0.8%
June 25, 2019 03:34 PM

DCB BANK share price has hit an all-time high at Rs 245 (up 5.4%).

Meanwhile, the BSE BANKEX Index is at 34,757 (up 0.8%).

Among the top gainers in the BSE BANKEX Index today are DCB BANK (up 5.4%) and HDFC BANK (up 0.7%).

INDUSIND BANK (down 0.7%) and YES BANK (down 1.6%) are among the top losers today.

Over the last one year, DCB BANK has moved up from Rs 175 to Rs 245, registering a gain of Rs 70 (up 38.3%).

The BSE BANKEX has moved up from 29,617 to 34,757, registering a gain of 5,140 points (up 17.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.7%), ICICI BANK (up 50.0%) and SBI (up 32.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,491 (up 0.7%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.8%), RELIANCE IND. (up 2.6%) and TATA STEEL (up 2.5%). Other gainers include AXIS BANK (up 2.4%) and KOTAK MAHINDRA BANK (up 1.3%). The most traded stocks in the BSE Sensex are NTPC and TATA MOTORS.

In the meantime, NSE Nifty is at 11,814 (up 0.7%). The top gainers in the NSE Nifty include JSW STEEL (up 3.1%), BPCL (up 3.0%) and RELIANCE IND. (up 2.6%). Other gainers include AXIS BANK (up 2.3%) and TATA STEEL (up 2.0%).

Over the last 12 months, the BSE Sensex has moved up from 35,470 to 39,491, registering a gain of 4,021 points (up 11.1%).

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 23.0x.