DCB Bank tanks 31.95% in five days

DCB Bank lost 10.5% to Rs 95.50 at 10:30 IST on BSE, with the stock extending recent decline.

Meanwhile, the S&P BSE Sensex was up 193.71 points or 0.72% at 26,973.37

On BSE, so far 28.18 lakh shares were traded in the counter as against average daily volume of 2.25 lakh shares in the past one quarter.

The stock hit a high of Rs 101 and a low of Rs 92.60 so far during the day. The stock hit a 52-week high of Rs 150.90 on 14 July 2015. The stock hit a 52-week low of Rs 81.35 on 16 October 2014.

The stock had underperformed the market over the past one month till 14 October 2015, falling 17.78% compared with 3.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 24.52% as against Sensex's 4.13% decline.

The mid-cap bank has an equity capital of Rs 283.44 crore. Face value per share is Rs 10.

Shares of DCB Bank have dropped 31.95% in five trading days from a recent high of Rs 140.35 on 8 October 2015. The slide caught momentum after the bank reported 10.12% fall in net profit to Rs 36.93 crore on 25% growth in total income to Rs 464.87 crore in Q2 September 2015 over Q2 September 2014. The Q2 result was announced after market hours on 13 October 2015. In reaction to weak Q2 result, the stock fell by maximum permissible daily limit of 20% to settle at Rs 106.80 yesterday, 14 October 2015.

DCB Bank is a modern emerging new generation private sector bank.

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