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Dena Bank tumbles as net loss widens to Rs 1,225.42 crore in Q4

14 May 2018 Evaluate

Dena Bank is currently trading at Rs. 16.95, down by 1.50 points or 8.13% from its previous closing of Rs. 18.45 on the BSE.

The scrip opened at Rs. 18.30 and has touched a high and low of Rs. 18.30 and Rs. 16.15 respectively. So far 2,84,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.45 on 12-May-2017 and a 52 week low of Rs. 16.15 on 14-May-2018.

Last one week high and low of the scrip stood at Rs. 19.50 and Rs. 16.15 respectively. The current market cap of the company is Rs. 3,840.00 crore.

The promoters holding in the company stood at 80.74%, while Institutions and Non-Institutions held 11.37% and 7.89% respectively.

The bank has reported a net loss of Rs 1,225.42 crore for the quarter ended March 31, 2018 as compared a net loss of Rs 575.26 crore for the same quarter in the previous year. Total income of the bank decreased by 8.48% at Rs 2,390.68 crore for quarter under review as compared to Rs 2,612.08 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the bank has posted a net loss at Rs 1,923.15 crore as compared to net loss of Rs 863.63 crore for the previous year. Total income of bank decreased by 11.70% at Rs 10,095.75 crore for year under review as compared to Rs 11,433.07 crore for the year ended March 31, 2017.

Peers
Company Name CMP
SBI 1071.35
PNB 113.05
Canara Bank 141.80
Bank Of Baroda 278.50
Union Bank Of India 188.55
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