Buy Dena Bank, target Rs 20.5 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Dena Bank with a target price of Rs 20.5 . The current market price of Dena Bank is Rs 19.15. The time period given by analyst is Intra Day when Dena Bank price can reach the defined target. Manas Jaiswal recommended to keep stop loss at Rs 18.7.

Dena Bank, incorporated in the year 1938, has a market cap of Rs 4326.07 crore.

Dena Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 6968.79 Crore to Sales Value (68.44 % of Total Sales), Income From Investment which contributed Rs 2906.09 Crore to Sales Value (28.54 % of Total Sales), Interest Received which contributed Rs 269.74 Crore to Sales Value (2.64 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 37.05 Crore to Sales Value (0.36 % of Total Sales)for the year ending 31-Mar-2017.


The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 14168.78 crore (19.56 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 7564.20 crore (11.52% of total assets). For the quarter ended 31-12-2017, the company has reported a Standalone Interest Income of Rs 1534.14 Crore, up 3.34 % from last quarter Interest Income of Rs 1484.61 crore and down -11.74 % from last year same quarter Interest Income of Rs 1738.27 crore. The bank has reported net profit after tax of Rs -380.07 crore in the last quarter.