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12-Aug2016

Dena Bank rises despite reporting net loss of 279.35 crore in Q1

Dena Bank is currently trading at Rs. 37.40, up by 1.15 points or 3.46% from its previous closing of Rs. 36.15 on the BSE.

The scrip opened at Rs. 36.25 and has touched a high and low of Rs. 38.35 and Rs. 36.00 respectively. So far 567101 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.70 on 01-Dec-2015 and a 52 week low of Rs. 25.60 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 38.50 and Rs. 36.00 respectively. The current market cap of the company is Rs. 2501.00 crore.

The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 22.09% and 15.02% respectively.

The bank has posted a net loss of Rs 279.35 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 15.16 crore for the same quarter in the previous year. Total income of the bank decreased by 0.26% to Rs 2907.35 crore for the quarter under review from Rs 2914.87 crore for the corresponding quarter of the previous year.

The bank's gross NPA for the April-June quarter of the current fiscal increased to 11.88%, as compared to 6.20% in the same quarter of the previous year. Besides, bank's Net NPA stood at 7.65% in Q1FY17.

 

 

 

 


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