DCB Bank up 9%

about 23 days ago
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In a market which is otherwise completely pulverized, some stocks continue to hold their steed and one among them is DCB Bank. Figuring among the top three gainers, the stock opened 2.6% higher at Rs.115.70 and rose to an intraday high at Rs.123.55, up 9%. 52-week high is at Rs.145.95.

The market has given its Q3FY25 performance a big thumbs up. The Bank posted a 20% (YoY) jump in net profit at Rs.151 crore while NII rose 14.5% at Rs.543 crore. Net interest margin (NIM) stood at 3.30% in Q3 FY25 as against 3.48% in Q3 FY24.

In terms of asset quality too, the picture was better. Gross NPA came in at 3.11% v/s 3.29% (QoQ) while Net NPA was at 1.18% v/s 1.17%. Its provision coverage was at 74.76%.

106.45 (-1.80)

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