Buy Development Credit Bank, DCB for Target of Rs 65: Nirmal Bang, Latest Stock Price
Nirmal Bang is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a target of Rs 65 in its October 14, 2011 research report.
“Development Credit Bank (DCB)’s performance for Q2FY12 was broadly in line with our estimates. DCB reported a net profit of Rs.13.2 crs in Q2FY12 resulting in a growth of 177.6% on a YoY basis and a QoQ increase of 51.0%. The bank’s asset quality has improved and the bank reported overall decline in its gross and net NPAs. The bank's CASA deposits stood at 33.2% in Q2FY12, down from 33.3% in Q1FY12 and 34.6% in Q2FY11.”
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Nirmal Bang is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a target of Rs 65 in its October 14, 2011 research report.
“Development Credit Bank (DCB)’s performance for Q2FY12 was broadly in line with our estimates. DCB reported a net profit of Rs.13.2 crs in Q2FY12 resulting in a growth of 177.6% on a YoY basis and a QoQ increase of 51.0%. The bank’s asset quality has improved and the bank reported overall decline in its gross and net NPAs. The bank's CASA deposits stood at 33.2% in Q2FY12, down from 33.3% in Q1FY12 and 34.6% in Q2FY11.”
TO CHECK THE LATEST STOCK PRICE
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