Dena Bank trades higher on the bourses

11 Oct 2017 Evaluate

Dena Bank is currently trading at Rs. 30.90, up by 0.30 points or 0.98% from its previous closing of Rs. 30.60 on the BSE.

The scrip opened at Rs. 30.70 and has touched a high and low of Rs. 31.70 and Rs. 30.70 respectively. So far 160028 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.00 on 09-May-2017 and a 52 week low of Rs. 30.25 on 10-Oct-2017.

Last one week high and low of the scrip stood at Rs. 31.70 and Rs. 30.25 respectively. The current market cap of the company is Rs. 3079.64 crore.

The promoters holding in the company stood at 70.04%, while institutions and non-institutions held 19.16% and 10.79% respectively.

Dena Bank is reportedly planning to sell shares to institutions to raise between Rs 275 crore ($42 million) and Rs 425 crore ($65 million). The share sale will help improve capital adequacy ratio.

Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.

Peers
Company Name CMP
SBI 820.50
Bank Of Baroda 251.20
Canara Bank 102.65
PNB 97.85
Union Bank Of India 117.10
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