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Development Credit Bank |
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Promoters given time
Posted by :
sayabaTracked by: 2 Boarders
Thank you very much for your view on this stock. ...
In reply to:
Promoters given time
Posted by :
marketagain
Dear Sayaba,allow me to participate in this discussion.As per RBI norms,private bank promotors should not hold more than 10% stake in a bank and that is why reduction of holding is necessary for prmotors of any private bank
Now, this euqity reduction is not done thro selling shares in open market as that does not fetch a good price It is either done by selling a 5% stake to a stretergic investor at a rate, usually higher, in fact much higher than the market rate In case,if promotor fail to identify a buyer(investor) the euity is increased by bringing out right issue An induvidual entity/investor can not hold more than 5% as per RBI norms and so, in this case, there may be placement and right issue as well
3rd quater result for this bank will be absolutely poor but that will be an opportunity to grab DCB as the bank has no other way but to get merged, aquired Please chack my erlier message on DCB wherein I have mentioned thefuture probable aquirer for this bank
Best of luck 
Promoters given time
Posted by : sayabaTracked by: 2 Boarders
icici had already corrected much. You may remember that icici had come with IPO at a price of Rs 950/- per share and now it is available at half of its offer price. Appreciation in icici is not due to stimulus package. Market was stable since last four trading days, so all stocks were going up and hence the icici or hdfc and not due to stimulus package.
More over, you see this stock had taken many trading sessions to move to Rs 24/-+ level from 20+ level and it had corrected to 20+ level within an hour. What will you expect from this stock ? Do you like to go long or short ? But, I am of the opinion that, this stock will move up only after Q3 results. Because, Q3 results will be better than Q2....
In reply to:
Promoters given time
Posted by :
somemore
Thank you. In most of the business channels this news was shown.The options seem to be stake sale or merger. Think they should be doing better than 1 Cr profit last time. If stimulus package is only for PSU then why icici is moving in leaps and bounds.
Promoters given time
Posted by : somemoreTracked by: 2 Boarders
Thank you. In most of the business channels this news was shown.The options seem to be stake sale or merger. Think they should be doing better than 1 Cr profit last time. If stimulus package is only for PSU then why icici is moving in leaps and bounds. ...
In reply to:
Promoters given time
Posted by : sayaba
Firstly, what is the source of this information ? i.e. where is it published ?
Secondly, reducing promoters` stake is not a positive news. Reduction in stake by promoters will lead in liquidity of the shares in the market. It means that if promoters are reducing their stake by selling shares in open market, then there will be selling pressure which will result in share price going down. If you had gone short on this news, then you will be benefited in case promoters starts selling in open market.
Thirdly, only PSU banks are benefited due to stimulus package which is announced by the govt and not pvt sector banks. Therefore, there is no reaction in this stock in the market.
And last but not least is that, this bank will show good profit in Q3 results for which you will have to wait till the announcement of Q3 results and good appreciation in the share price of this stock. So, all the best !!
Promoters given time
Posted by : marketagainTracked by: 2 Boarders
Dear Sayaba,allow me to participate in this discussion.As per RBI norms,private bank promotors should not hold more than 10% stake in a bank and that is why reduction of holding is necessary for prmotors of any private bank
Now, this euqity reduction is not done thro selling shares in open market as that does not fetch a good price It is either done by selling a 5% stake to a stretergic investor at a rate, usually higher, in fact much higher than the market rate In case,if promotor fail to identify a buyer(investor) the euity is increased by bringing out right issue An induvidual entity/investor can not hold more than 5% as per RBI norms and so, in this case, there may be placement and right issue as well
3rd quater result for this bank will be absolutely poor but that will be an opportunity to grab DCB as the bank has no other way but to get merged, aquired Please chack my erlier message on DCB wherein I have mentioned thefuture probable aquirer for this bank
Best of luck...
In reply to:
Promoters given time
Posted by : sayaba
Firstly, what is the source of this information ? i.e. where is it published ?
Secondly, reducing promoters` stake is not a positive news. Reduction in stake by promoters will lead in liquidity of the shares in the market. It means that if promoters are reducing their stake by selling shares in open market, then there will be selling pressure which will result in share price going down. If you had gone short on this news, then you will be benefited in case promoters starts selling in open market.
Thirdly, only PSU banks are benefited due to stimulus package which is announced by the govt and not pvt sector banks. Therefore, there is no reaction in this stock in the market.
And last but not least is that, this bank will show good profit in Q3 results for which you will have to wait till the announcement of Q3 results and good appreciation in the share price of this stock. So, all the best !!
Promoters given time
Posted by : sayabaTracked by: 2 Boarders
Firstly, what is the source of this information ? i.e. where is it published ?
Secondly, reducing promoters` stake is not a positive news. Reduction in stake by promoters will lead in liquidity of the shares in the market. It means that if promoters are reducing their stake by selling shares in open market, then there will be selling pressure which will result in share price going down. If you had gone short on this news, then you will be benefited in case promoters starts selling in open market.
Thirdly, only PSU banks are benefited due to stimulus package which is announced by the govt and not pvt sector banks. Therefore, there is no reaction in this stock in the market.
And last but not least is that, this bank will show good profit in Q3 results for which you will have to wait till the announcement of Q3 results and good appreciation in the share price of this stock. So, all the best !!...
In reply to:
Promoters given time
Posted by : somemore
There was nothing in the stock movement even after the promoters given time to reduce their stake till march09.When all the banks have reacted positively to rate cut this one is the only eyesore.
Tracked by: 0 Boarder
Tata capital may purchase this Bank and strart their Banking operation with this Bank. Tata capital hold some 4% of share...
In reply to:
BUY DCB
Posted by : Guest
How long it takes to reach 28 levels.?
Promoters given time
Posted by : somemoreTracked by: 2 Boarders
There was nothing in the stock movement even after the promoters given time to reduce their stake till march09.When all the banks have reacted positively to rate cut this one is the only eyesore....
short term target Rs 32
Posted by : GuestTracked by: 0 Boarder
This is most efficient bank after HDFC Bank.It would corss Rs 35 shortly, if you have patience then hold on for 1 year with target of Rs 70.Mark Faber has invested at Rs 102 in this bank.Keep your finger cross....
In reply to:
short term target Rs 32
Posted by : sayaba
This stock has resistance at around Rs 24/-. Once this stock crosses this resistance level, it is likely to lead to Rs 32/-. At present, activities in this counter are lack luster and the activities are likely to increase on crossing this resistance level.
short term target Rs 32
Posted by : sayabaTracked by: 0 Boarder
This stock has resistance at around Rs 24/-. Once this stock crosses this resistance level, it is likely to lead to Rs 32/-. At present, activities in this counter are lack luster and the activities are likely to increase on crossing this resistance level. ...
In reply to:
short term target Rs 32
Posted by : tmt69
On weekly Chart DCB had made a low of Rs 17 in the month of October 08. The stock was trading in a range of Rs 18 to Rs 20, but the momentum indicator MACD (moving average convergence/divergence) has shown a positive divergence on the weekly chart with `buy` mode.
This is a clear indication that the downside is limited in the stock and on the upside the stock could move towards its 20WMA (Weekly Moving Average) which is at Rs 32.
short term target Rs 32
Posted by : tmt69Tracked by: 0 Boarder
On weekly Chart DCB had made a low of Rs 17 in the month of October 08. The stock was trading in a range of Rs 18 to Rs 20, but the momentum indicator MACD (moving average convergence/divergence) has shown a positive divergence on the weekly chart with `buy` mode.
This is a clear indication that the downside is limited in the stock and on the upside the stock could move towards its 20WMA (Weekly Moving Average) which is at Rs 32.
...
Tracked by: 0 Boarder
Just go on line, buy and forget for a year or more for good returns. This banking stock will prove gold mine in future like HDFC and ICICI....
In reply to:
BUY DCB
Posted by : Guest
How long it takes to reach 28 levels.?
seems good buy
Posted by : avissz1jTracked by: 0 Boarder
DCB seems to be good buy at this price, with the banking sector looking good out of the lot this script looks decent...
Tracked by: 0 Boarder
buy buy buy dcb for short term 27 target...
buy... buy ... buy .... for short & long term
Posted by : kingpapps1983Tracked by: 0 Boarder
in our country banking sector never loss!!!! right now is problem not only in our country, all over the world? so economy slow & everybody knows is not going to long,(prblm)
one day everything will be all right..
...
Short term target is Rs 32/-
Posted by : sayabaTracked by: 0 Boarder
Technical call on DCB by Ambit Capital on weekly Chart had made a low of Rs 17 in the month of October 08. The stock was trading in a range of Rs 18 to Rs 20, but the momentum indicator MACD (moving average convergence/divergence) has shown a positive divergence on the weekly chart with `buy` mode.
This is a clear indication that the downside is limited in the stock and on the upside the stock could move towards its 20WMA (Weekly Moving Average
) which is at Rs 32.
...
Boarders Outlook on DCB
positive outlook6 queries on DCB
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