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Dena Bank jumps on tying-up with Maruti Suzuki India

30 May 2017 Evaluate

Dena Bank is currently trading at Rs. 34.60, up by 0.35 points or 1.02% from its previous closing of Rs. 34.25 on the BSE.

The scrip opened at Rs. 34.90 and has touched a high and low of Rs. 34.90 and Rs. 33.70 respectively. So far 220651 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. 28.10 on 31-May-2016.

Last one week high and low of the scrip stood at Rs. 36.65 and Rs. 33.90 respectively. The current market cap of the company is Rs. 2711.73 crore.

The promoters holding in the company stood at 68.55%, while institutions and non-institutions held 18.58% and 12.87% respectively.

Dena Bank has tied-up with Maruti Suzuki India for retail financing of vehicles in personal as well as commercial segments. The bank expects a sustainable growth in auto loan segment with this tie-up. The bank has also recently introduced auto dealers pay out scheme.

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 1067.50
PNB 113.50
Canara Bank 141.05
Bank Of Baroda 279.20
Union Bank Of India 188.45
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