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Dhanlaxmi Bank rises after NRI businessman acquires 4.99% stake

21 Oct 2013 Evaluate

Dhanlaxmi Bank is currently trading at Rs. 46.65, up by 2.10 points or 4.71% from its previous closing of Rs. 44.55 on the BSE.

The scrip opened at Rs. 46.25 and has touched a high and low of Rs. 48.00 and Rs. 46.10 respectively. So far 227622 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.30 on 11-Dec-2012 and a 52 week low of Rs. 24.20 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 48.05 and Rs. 42.80 respectively. The current market cap of the company is Rs. 495.83 crore.

The institutions and non-institutions held 26.97% and 73.03% stake in the bank, respectively. NRI businessman M A Yusuffali has acquired 4.99% share in Kerala based Dhanlaxmi Bank after purchasing stakes in two other lenders in the state earlier this year. Pursuant to this acquisition, Yusufflai has invested close to Rs 510 crore in just the banking sector in Kerala, this year itself.

Yusuffali had earlier acquired close to 5% stake each in Federal Bank and Catholic Syrian Bank this year. Yusuffali is the founder and Managing Director of EMKE Group which owns the LuLu Group.

Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.

Dhanlaxmi Bank Share Price

26.50 1.17 (4.62%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 810.40
ICICI Bank 1322.00
Axis Bank 1351.45
Kotak Mahindra Bank 374.75
Indusind Bank 830.60
View more..

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