Buy DCB Bank, target price Rs 145: Axis Securities

Axis Securities has buy call on DCB Bank with a target price of Rs 145. The current market price of DCB Bank Ltd. is Rs 118.1.
DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 3648.40 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 1099.21 Crore, up 5.52 % from last quarter Total Income of Rs 1041.69 Crore and up 13.67 % from last year same quarter Total Income of Rs 967.01 Crore. The bank reported net profit after tax of Rs 112.35 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 14.85 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.45 per cent, DIIs 37.62 per cent.