DCB BANK Plunges by 7%; BSE BANKEX Index Up 0.2%

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DCB BANK Plunges by 7%; BSE BANKEX Index Up 0.2%
Mon, 21 Jan 09:20 AM

DCB BANK share price has plunged 7% and is presently trading at Rs 172.

Meanwhile, the BSE BANKEX Index is at 30,804 (up 0.2%).

Among the top losers in the BSE BANKEX Index today is DCB BANK (down 7.1%).

HDFC BANK (up 0.8%) and BANK OF BARODA (up 0.7%) are among the top gainers today.

Over the last one year, DCB BANK has moved down from Rs 184 to Rs 172, registering a loss of Rs 12 (down 6.6%)..

The BSE BANKEX has moved up from 30,017 to 30,804, registering a gain of 787 points (up 2.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 18.7%), AXIS BANK (up 13.4%) and HDFC BANK (up 11.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,467 (up 0.2%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 2.2%). The most traded stocks in the BSE Sensex are BAJAJ FINANCE and HDFC BANK.

In the meantime, NSE Nifty is at 10,919 (up 0.1%). NTPC (up 1.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,260 to 36,467, registering a gain of 1,207 points (up 3.4%).

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 18.1x.

What else is happening in the markets today? Dig in...

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