Dena Bank shares mixed on poor Q1 numbers

NEW DELHI: Shares of Dena Bank fell in early trade on Monday to eventually end the day on a flat note after the bank reported losses in the first quarter of this fiscal year on the back of high loans loss.

Following the development, the stock ended the day 0.15 per cent up at Rs 34. It opened at Rs 33 and touched an intraday high and low of Rs 34.25 and Rs 32.25, respectively, in trade.

The management said that it expects to show profits from next fiscal year. Dena Bank reported Rs 133 crore loss against Rs Rs 279 crore in comparable period last year.

Promoters held 68.55 per cent stake in the company as of June 2017.

The scrip touched its fresh 52-week high of Rs 105 on May 3, 2017 and its 52-week low of Rs 60.85 on November 30, 2016.