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DCB Bank surges on buzz of strong Q3 numbers

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DCB Bank surges on buzz of strong Q3 numbers

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New Delhi: 

Highlights

  1. Profit after tax (PAT) for Development Credit Bank is expected at Rs 20 crore in the third quarter implying a growth of 48 per cent quarter-on-quarter.

Stocks of DCB Bank (Development Credit Bank Ltd.) traded with over 3 per cent gains on the National Stock Exchange Tuesday. The stock has jumped over 12 per cent in the last five trading days (since January 3).

Analysts said the company is likely to deliver strong results for the third quarter. DCB will report Q3 earnings on 12 January. Q3 profit after tax (PAT) is expected at Rs 20 crore implying a growth of 48 per cent quarter-on-quarter.

Delivery volumes on the stock have been higher than average of 23-24 per cent in the last six days.

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