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Dhanlaxmi Bank trades higher on reporting 7% growth in total deposits during Q4FY21

09 Apr 2021 Evaluate

Dhanlaxmi Bank is currently trading at Rs. 15.07, up by 0.08 points or 0.53% from its previous closing of Rs. 14.99 on the BSE.

The scrip opened at Rs. 15.30 and has touched a high and low of Rs. 15.60 and Rs. 14.89 respectively. So far 81595 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.93 on 22-Jun-2020 and a 52 week low of Rs. 8.30 on 13-Apr-2020.

Last one week high and low of the scrip stood at Rs. 15.85 and Rs. 14.45 respectively. The current market cap of the company is Rs. 378.51 crore.

The Institutions holding in the company stood at 11.61% and Non-Institutions held 88.39%.

Dhanlaxmi Bank recorded total deposits (provisional) of Rs 11699.15 crore in Q4FY21 rising by 7.29% from Rs 10904.07 crore a year ago same period. The bank witnessed Gross Advances (provisional) of Rs 7121.94 crore in the fourth quarter ending March 2021 (Q4FY21) period, registering a 4.75% rise from advances of Rs 6798.89 crore in the corresponding period of the previous year.

The bank's Gold Loan stood at Rs 1883.07 crore in Q4FY21 increasing by 48.13% Year on Year (YoY). While the CASA ratio was at 33.40% in Q4FY21 versus 29.80% in Q4FY20.

Dhanlaxmi Bank was incorporated in 1927 by group of entrepreneurs at Thrissur located in Kerala. Bank's focus has always been on customizing services and personalizing relations.

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