Buy DCB Bank, target price Rs 130: Centrum Broking

Centrum Broking has buy call on DCB Bank with a target price of Rs 130. The current market price of DCB Bank Ltd. is Rs 80.55. Time period given by analyst is one year when DCB Bank Ltd. price can reach defined target.

DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 2500.89 Crore).

DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 996.42 Crore, up 3.04 % from last quarter Total Income of Rs 967.01 Crore and down -2.68 % from last year same quarter Total Income of Rs 1023.86 Crore. The bank reported net profit after tax of Rs 75.37 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 14.87 per cent stake in the company as of 31-Dec-2021, while FIIs owned 9.24 per cent, DIIs 39.62 per cent.