DCB Bank shares rally 14% in two days after good Q4 results

The stock has moved 7.5% higher to Rs 205 on the BSE in intra-day trade on Tuesday, extending its Monday's 6.4% gain on back of heavy volumes.

DCB Bank has moved 7.5% higher to Rs 205 on the BSE in intra-day trade on Tuesday, extending its Monday’s 6.4% gain, after the private lender reported better than expected 21% year on year (YoY) jump in net profit at Rs 640 million for the quarter ended March 2018 (Q4FY18). The bank had profit of Rs 530 million in the same quarter last fiscal.

Net interest income for the quarter under review grew 34% to Rs 850 million against Rs 630 million in the corresponding quarter of previous year.

Asset quality of the bank was steady quarter on