DCB Bank is currently trading at Rs. 89.00, up by 4.05 points or 4.77% from its previous closing of Rs. 84.95 on the BSE.
The scrip opened at Rs. 88.35 and has touched a high and low of Rs. 90.80 and Rs. 87.00 respectively. So far 25629 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.60 on 25-Jun-2019 and a 52 week low of Rs. 73.25 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 90.80 and Rs. 79.75 respectively. The current market cap of the company is Rs. 2739.42 crore.
The promoters holding in the company stood at 14.89%, while Institutions and Non-Institutions held 57.40% and 27.70% respectively.
DCB Bank has witnessed significant jump in its foreign remittance services on the coronavirus outbreak, specially for education purposes, as parents want to ensure their children abroad have sufficient money to sustain themselves in situation of a lockdown. Since March 15, 2020 the bank’s volumes on outward remittance services have increased many folds. There is a significant difference in before-and-after demand since mid of March.
The bank has been getting large number of calls from resident Indians as to how they can send money to their children studying abroad, for immigrant Indians and for medical emergencies, among others. One need not to be a DCB customer to send money abroad, the person can avail the remittance service by logging into www. dcbremit.com. One can use the DCB Remit platform by transferring funds from savings bank account in another bank anywhere in India to a specified DCB Bank account.
DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.
