Thursday, April 11, 2019

Development credit bank ltd. Buy at Target of Rs 208

Development Credit Bank Ltd Buy shares at target value of 208


Market expert of Chart Advise Dr. CK Narayan suggests that Development Credit Bank Ltd Buy shares at target value of 208.0. Development credit bank ltd. . The current market price of Rs. 199.35. Market Expert has set its timeframe Intra Day, when Development Credit Bank Ltd. The price can reach its set target. Investors are instructed by Dr. CK Narayan that they should keep stoploss Rs. 195 and strictly adhere to it.
Development Credit Bank Ltd., incorporated in the year 1995, is a banking company (Market Cap - Rs 6170.82 crore).

The bank has reported total non-executed assets of Rs 445.12 crore / Gross NPA (1.92% of total assets) and net non-performing asset / net NPA (.71% of total assets) of Rs 163.44 crores.
For the end quarter 31-12-2018, the reported standalone interest income of the bank is Rs 628.35 crore, interest income of the last quarter of 6.20% upwards - from Rs 591.69 crore and 26.72% over the previous year's interest income - Rs 495.85 Million In the latest quarter, the bank has net profits after the reported tax of 86.10 million rupees.

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