Sell DCB Bank Ltd. target Rs 188.0 : Reliance Securities

Reliance Securities has a sell call on DCB Bank Ltd. with a target price of Rs 188.The current market price of DCB Bank Ltd. is 191.25 Time period given by the brokerage is Intra Day when DCB Bank Ltd. price can reach defined target. Reliance Securities recommended to keep stop loss at Rs 198.0 .

DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of ₹ 5899.43 Cr.).

DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed ₹ 1354.11 Cr to Sales Value (79.72 % of Total Sales), Income From Investment which contributed ₹ 307.78 Cr to Sales Value (18.12 % of Total Sales), Interest which contributed ₹ 32.81 Cr to Sales Value (1.93 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed ₹ 3.77 Cr to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2016.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 254.20 Cr. (1.59 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 124.41 Cr. (.79% of total assets). For the quarter ended 31-03-2017, the company has reported a Standalone Interest Income of ₹ 431.84 Cr., up 1.24 % from last quarter Interest Income of ₹ 426.54 Cr. and up 19.17 % from last year same quarter Interest Income of ₹ 362.38 Cr. The bank has reported net profit after tax of ₹ 52.86 Cr. in latest quarter.