Buy DCB Bank, target price Rs 160: Prabhudas Lilladher

Prabhudas Lilladher has buy call on DCB Bank with a target price of Rs 160. The current market price of DCB Bank Ltd. is Rs 112.8.

DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 3534.06 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-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 1412.95 Crore, up 5.08 % from last quarter Total Income of Rs 1344.68 Crore and up 28.54 % from last year same quarter Total Income of Rs 1099.21 Crore. The bank reported net profit after tax of Rs 126.79 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 14.81 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.74 per cent, DIIs 38.99 per cent.