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Dhanlaxmi Bank surges on entering into silver retailing business

09 Jan 2012 Evaluate

Dhanlaxmi Bank is currently trading at Rs 49.50, up by 0.90 points or 1.85% from its previous closing of Rs 48.60 on the BSE.

The scrip opened at Rs 48.50 and has touched a high and low of Rs 49.75 and Rs 48.00 respectively. So far 55805 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 135.90 on 25-Apr-2011 and a 52 week low of Rs 42.40 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs 49.80 and Rs 43.70 respectively. The current market cap of the company is Rs 421.85 crore.

The Institutions and Non-Institutions held 37.05% and 62.95% stake in the company, respectively.

Dhanlaxmi Bank, one of India’s fastest growing mid-size private sector banks, has entered the silver retailing business with the launch of ‘Dhan’ silver bars. The silver bars will be available in a tamper proof laminated pack in two denominations of 50 and 100 grams at branches across the country. ‘Dhan’ silver bars with a purity of 99.99% will carry Assay certification, signifying highest purity of silver as per international standards.

The launch of silver retailing marks the second phase of the bank’s foray in silver bullion business. Earlier in July 2011, the bank rolled out its wholesale initiative with the launch of 30 kg silver bars and silver grains.

Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.

Dhanlaxmi Bank Share Price

26.92 0.25 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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