Dena Bank capitalises on robust Q4 figures

-

Dena Bank surged 2.98% to Rs 60.45 at 15:19 IST on BSE after posting 153.40% rise in net profit to Rs 110.99 crore in Q4 March 2008 over Q4 March 2007.

The state-run bank announced the results during trading hours today, 30 April 2008.

On BSE, 33.92 lakh shares were traded in the counter. The scrip had an average daily volume of 7.10 lakh shares in the past one quarter.

The stock hit a high of Rs 63.75 and a low of Rs 58.70 so far during the day. The stock had a 52-week high of Rs 99.55 on 2 January 2008 and a 52-week low of Rs 34.50 on 8 May 2007.

The mid-cap scrip had outperformed the market over the past one month till 29 April 2008, gaining 15.44% compared to the Sensex's return of 11.08%. It had underperformed the market in the past one quarter, declining 16.38% compared to Sensex's decline of 2.14%.

The bank's equity is Rs 286.82 crore. Face value per share is Rs 10.

The current price of Rs 60.45 discounts its Q3 December 2007 annualised EPS of Rs 14.10, by a PE multiple of 4.29.

Dena Bank's total income rose 29.05% to Rs 882.98 crore in Q4 March 2008 over Q4 March 2007.

Dena Bank's principal activity is to provide commercial banking, merchant banking, asset management and other related services.

Popular posts from this blog

IOB capitalises on hike in stake by LIC

-
Indian Overseas Bank rose 1.53% to Rs 46.45 at 10:31 IST on BSE, after the biggest domestic instutional investors Life Insurance Corporation of India hiked its stake in the state-run bank. The bank made this announcement after trading hours on Wednesday, 25 March 2009. Meanwhile, the BSE Sensex was up 126.19 points, or 1.31%, to 9,794.09. On BSE, 31,003 shares were traded in the counter. The stock had an average daily volume of 1.93 lakh shares in the past one quarter. The stock hit a high of Rs 47 and a low of Rs 45.95 so far during the day. The stock hit a 52-week high of Rs 156.80 on 2 May 2008 and a 52-week low of Rs 37.55 on 9 March 2009. The mid-cap bank stock had underperformed the market over the past one month till 25 March 2009, falling 3.17% as compared to the Sensex's 8.60% rise. It had also underperformed the market in the past one quarter, declining 33.94% as compared to the Sensex's 1.04% rise. The bank's current equ The current price of
Read more
-
https://economictimes.indiatimes.com/markets/stocks/news/companies-trading-at-values-cheaper-than-assets-and-still-have-no-takers/articleshow/71471784.cms
Read more