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DCB Bank Gains 7%; BSE BANKEX Index Up 0.3%
Fri, 25 Oct 9:26

DCB Bank Gains 7%; BSE BANKEX Index Up 0.3%Image source: Eoneren/www.istockphoto.com

DCB Bank share price has zoomed 7% and is presently trading at Rs 118.2.

Meanwhile, the BSE BANKEX index is at 58,691.1 (up 0.3%).

Among the top gainers in the BSE BANKEX index today are Axis Bank (up 2.6%) and ICICI Bank (up 1.1%).

Indusind Bank (down 10.0%) and AU SMALL FINANCE BANK (down 6.0%) are among the top losers today.

Over the last one year, DCB Bank has moved up from Rs 116.6 to Rs 118.2, registering a gain of Rs 1.7 (up 1.4%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,691.1, registering a gain of 21.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 44.2%), ICICI Bank (up 36.2%) and Federal Bank (up 31.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,163.4 (up 0.1%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.6%) and ITC (up 2.3%). The most traded stocks in the BSE Sensex are Indusind Bank and ITC.

In the meantime, NSE Nifty is at 24,413.0 (up 0.1%). Axis Bank and ITC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,163.4, registering a gain of 15,591.5 points (up 24.1%).

DCB Bank Financial Update...

DCB Bank net profit grew 22.6% YoY to Rs 1,555 million for the quarter ended September 2024, compared to a profit of Rs 1,268 million a year ago. Net sales rose 20.1% to Rs 15,684 million during the period as against Rs 13,056 million in July-September 2023.

For the year ended March 2024, DCB Bank reported 15.1% increase in net profit to Rs 5,360 million compared to net profit of Rs 4,656 million during FY23. Revenue of the company grew 27.7% to Rs 53,620 million during FY24.

The current Price to earnings ratio of DCB Bank, based on rolling 12 month earnings, stands at 6.5.

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