Ahead of earnings DCB Banks rises in trade
DSIJ Intelligence / 13 Jan 2017
Private sector lender DCB Bank saw huge surge in its stock price on Friday with heavy volumes ahead of its quarterly earnings scheduled to be out on Saturday, January 14 2017.
Private sector lender DCB Bank saw huge surge in its stock price on Friday with heavy volumes ahead of its quarterly earnings scheduled to be out on Saturday, January 14 2017.
Company’s stock was reacting in anticipation of a good Q3 earnings which is expected out of the private bank. Result is expected to be on a brighter side with stable asset quality along with increase in the cash and savings account ratio of the bank.
Overall results from its third quarterly results are expected to be good with private sector leading the charge. However, key things to watch out would be asset quality, provisioning figure, fresh slippages if any and CASA ratio.
Stock has had a good run in the week as it rose by close to 10 per cent in the last five trading sessions. Shares of DCB bank close at Rs 123.65 up 3.78 per cent on NSE.
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