Development Credit Bank is currently trading at Rs. 50.85, up by 1.15 points or 2.31% from its previous closing of Rs. 49.70 on the BSE.
The scrip opened at Rs. 51.00 and has touched a high and low of Rs. 51.45 and Rs. 50.70 respectively. So far 1,19,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.70 on 19-Jun-2013 and a 52 week low of Rs. 38.35 on 27-Jul-2012.
Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 49.25 respectively. The current market cap of the company is Rs. 1,271.00 crore.
The promoters holding in the company stood at 18.47% while Institutions and Non-Institutions held 23.88% and 57.65% respectively.
The bank has registered a jump of 126.46% in its net profit at Rs 42.83 crore for the quarter ended June 30, 2013 under review as compared to Rs 18.91 crore for the same quarter in the previous year. Total income of the bank has increased by 26.88% at Rs 305.84 crore for Q1FY14 as compared Rs 241.05 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) improved to 3.41% in the April-June quarter as against 4.18% in the same quarter previous year while net NPAs improved to 0.84%.
Development Credit Bank is a modern emerging new generation private sector bank with 101 branches across 15 cities and 296 ATMs. Present since 1930s, DCB is the only co-operative bank in India to have been converted into a private sector commercial bank in 1995.
