Buy DCB Bank, target price Rs 166: Anand Rathi

Anand Rathi has buy call on DCB Bank with a target price of Rs 166. The current market price of DCB Bank Ltd. is Rs 127.15.

DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 3982.51 Crore).

DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Standalone Total Income of Rs 1632.25 Crore, up 3.25 % from last quarter Total Income of Rs 1580.82 Crore and up 21.39 % from last year same quarter Total Income of Rs 1344.68 Crore. The bank reported net profit after tax of Rs 131.36 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 14.75 per cent stake in the company as of 30-Jun-2024, while FIIs owned 14.64 per cent, DIIs 27.61 per cent.