Development Credit Bank

Buy DCB Ltd for a target of Rs.55--Rs.65 in the next 3 to 6 months.....SBI, Tata Capital Ltd, and HDFC Ltd holdings stake makes it more attractive..

Posted by : sandeep2004s

I think all of you enjoyed my call of DCB Ltd which I gave in the last week. This is an excellent private sector bank whose share prices got butchered unnecessarily due to bad market conditions. The stocki is still trading below its book value of Rs.36.39 and is near its IPO price. It is stil available at throw-away price at the CMP of Rs.31 and should move up vertically from here. The company is opening a large number of branches in this fiscal and both its top and bottomlines will get considerable boost in the next few quarters.
Please read the following report:

The Mumbai-based Development Credit Bank Ltd (DCB) is reducing its exposure to unsecured personal loans in a bid to maintain its net interest margins, a top bank official said.

"To maintain net interest margins, we will have to bring down our exposure to personal loans from 17 percent last fiscal to 12-13 percent probably by the middle of the next financial year," the bank`s managing director and chief executive officer Gautam Vir said.

The bank expects to see a growth rate of 30 percent in advances and a 35-40 percent growth in deposits in the current fiscal, he said.

"We are slowing down our loan growth to ensure that we can maintain our net interest margins at current levels," Vir said after a meeting here with members of the Merchants` Chamber of Commerce.

The banks` net interest margin in 2007-08 was 2.9 percent and would be in the range of 2.9-3.1 percent in the current fiscal, he said.

He said the bank would raise the share of low-cost deposits to about 29-30 percent of its total deposits from its current share of 27 percent.
I would not be surprised if the share price of DCB Ltd crosses Rs.100 in the next 2 to 3 months time frame in view of futher cut in the CRR and ultimately a cut in the interest rates (which is expected to boost both its topline and bottomlines).

rignt time

Posted by : rahulssss

right time to buying in dcb. bcoz now its last lavel in down side.. and small invesatr go had. right now dcb in near ipo price. target is next 3 moanth near 60rs.

rignt time

Posted by : christo.invest

sounds good. can you share your thought in this post, please...? many members needs your thought. coz many are skeptical of entering DCB here...
financialhub(dot)in/phpBB3/viewtopic.php?f=29&t=1495

rignt time

Posted by : rahulssss

right time to buying in dcb. bcoz now its last lavel in down side.. and small invesatr go had. right now dcb in near ipo price. target is next 3 moanth near 60rs.

please sell at every price.

Posted by : Guest

Respected all invester

I am a biger investment in this share and i am holding 10000 share at present time.
I want to clear you about this bank that the bank may go the liquidate very short period. because bank people are giving loan to unknown people at unkown paper or illegal paper. they higer authorities of the bank are giving loan to people at illegal paper only improvment of their personnel relations. I have also talk with (cheif head of AP) and they have also wooried about bank position.
and they also say they they bank authoritites will not effect by the bank position and they can join any bank any time. because their personnel relations are now strong.
for example bank is giving approx loan of Rs.1000 crores each & every year and out of Rs.1000 crores 950 crores are going to bad debt. so bank can stop payment to its fds/and bank a/cs holders. so keep mind this all time.

please sell at every price.

Posted by : shukrav

This is pure shit from aperson who knows nothing abt banking

please sell at every price.

Posted by : shukrav

This is pure shit from aperson who knows nothing abt banking

please sell at every price.

Posted by : Guest

Respected all invester

I am a biger investment in this share and i am holding 10000 share at present time.
I want to clear you about this bank that the bank may go the liquidate very short period. because bank people are giving loan to unknown people at unkown paper or illegal paper. they higer authorities of the bank are giving loan to people at illegal paper only improvment of their personnel relations. I have also talk with (cheif head of AP) and they have also wooried about bank position.
and they also say they they bank authoritites will not effect by the bank position and they can join any bank any time. because their personnel relations are now strong.
for example bank is giving approx loan of Rs.1000 crores each & every year and out of Rs.1000 crores 950 crores are going to bad debt. so bank can stop payment to its fds/and bank a/cs holders. so keep mind this all time.

please sell at every price.

Posted by : Guest

Respected all invester

I am a biger investment in this share and i am holding 10000 share at present time.
I want to clear you about this bank that the bank may go the liquidate very short period. because bank people are giving loan to unknown people at unkown paper or illegal paper. they higer authorities of the bank are giving loan to people at illegal paper only improvment of their personnel relations. I have also talk with (cheif head of AP) and they have also wooried about bank position.
and they also say they they bank authoritites will not effect by the bank position and they can join any bank any time. because their personnel relations are now strong.
for example bank is giving approx loan of Rs.1000 crores each & every year and out of Rs.1000 crores 950 crores are going to bad debt. so bank can stop payment to its fds/and bank a/cs holders. so keep mind this all time.

DCB tgt Rs.55+, don\\\\\\\\`t FEAR

Posted by : zaquiz

So when do u all guys say DCB can peak to 50 ??

not soon is it???
M planning to dump it ASAP