|
12 Sep 2025 |
DCB Bank
|
Consensus Share Price Target
|
127.06 |
169.44 |
- |
33.35 |
buy
|
|
|
|
|
01 Nov 2023
|
DCB Bank
|
ICICI Securities Limited
|
127.06
|
140.00
|
113.05
(12.39%)
|
Target met |
Buy
|
|
|
DCB Bank reported in-line Q2FY24 PAT at INR 1.27bn (flattish QoQ/up 13% YoY) driven by ~16%/15% YoY rise in NII/PPOP while headline GNPA/NNPA inched up QoQ. Tier-1 stands healthy at 14.3%. Recovery in loan growth (?18% YoY for 4th consecutive quarter) appears well entrenched, though improvement in cost ratio should be gradual.
|
|
01 Nov 2023
|
DCB Bank
|
Keynote Capitals Ltd
|
127.06
|
250.00
|
113.05
(12.39%)
|
|
Buy
|
|
|
Quarterly Update Q2FY24
|
|
01 Nov 2023
|
DCB Bank
|
Axis Direct
|
127.06
|
140.00
|
113.05
(12.39%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
31 Oct 2023
|
DCB Bank
|
Prabhudas Lilladhar
|
127.06
|
160.00
|
114.65
(10.82%)
|
Target met |
Buy
|
|
|
|
|
16 Oct 2023
|
DCB Bank
|
Keynote Capitals Ltd
|
127.06
|
250.00
|
121.80
(4.32%)
|
|
Buy
|
|
|
Initiating Coverage Report
|
|
28 Sep 2023
|
DCB Bank
|
BOB Capital Markets Ltd.
|
127.06
|
144.00
|
123.80
(2.63%)
|
Target met |
Buy
|
|
|
Expect a strong 18% credit CAGR over FY23-FY25 (1.4x industry growth), supported by a better portfolio mix
|
|
05 Aug 2023
|
DCB Bank
|
Axis Direct
|
127.06
|
131.00
|
118.90
(6.86%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a TP of Rs 131, implying an upside of 10% from CMP.
|
|
01 Aug 2023
|
DCB Bank
|
Bonanza
|
127.06
|
135.00
|
122.60
(3.64%)
|
Target met |
Neutral
|
|
|
DCBB reported a weak performance led by sequential decline in NII and PAT. Margins were declined sharply by 35 bps QoQ, Slippages was elevated for the quarter leading to higher credit cost during the quarter. However, bank continued its business momentum by registering strong loan growth of 19% YoY and deposit growth of 23% YoY.
|
|
31 Jul 2023
|
DCB Bank
|
Axis Direct
|
127.06
|
150.00
|
122.45
(3.76%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
30 Jul 2023
|
DCB Bank
|
ICICI Securities Limited
|
127.06
|
140.00
|
128.75
(-1.31%)
|
Target met |
Accumulate
|
|
|
DCB Bank (DCB) has reported lower than estimated Q1FY24 PAT at INR 1.27bn (up 31% YoY, down 11% QoQ) due to lower other income, while asset quality disappointed. Annualised RoA stood at 0.94% for the quarter. It has made hefty investment in capacity (headcount and branches) and there is scope to improve cost efficiency in the medium term.
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