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DCB Bank hits 52-week high post March quarter earnings

The stock hit a 52-week high of Rs 211, up 4 per cent on the BSE in an otherwise weak market on Monday, trading close to its all-time high level of Rs 213 hit on June 16, 2017.

DCB Bank hits 52-week high in weak market post March quarter earnings

DCB Bank shares hit a 52-week high of Rs 211, up 4 per cent, on the BSE, in an otherwise weak market on Monday, after the private sector lender reported healthy earnings for the last quarter of fiscal 2018-19 (Q4FY19). The stock was trading close to its all-time high level of Rs 213 apiece hit on June 16, 2017, on the BSE. In comparison, the benchmark S&P BSE Sensex was down 0.67 per cent at 38,878 points at 10:49 am. The trading volumes on the counter has more than doubled with a total of 6.35 million shares exchanging hands on the BSE and NSE so far. DCB Bank’s profit ...