Buy DCB Bank, target price Rs 175: Motilal Oswal

Motilal Oswal has buy call on DCB Bank with a target price of Rs 175. The current market price of DCB Bank Ltd. is Rs 137.7.
DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 4301.69 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 31-03-2024, the company reported a Standalone Total Income of Rs 1580.82 Crore, up 5.54 % from last quarter Total Income of Rs 1497.82 Crore and up 21.45 % from last year same quarter Total Income of Rs 1301.61 Crore. The bank reported net profit after tax of Rs 155.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 14.77 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.75 per cent, DIIs 29.65 per cent.