DCB QIP issue to open on Feb 27; stock slips

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DCB QIP issue to open on Feb 27; stock slips

Development Credit Bank (DCB) QIP issue is going to open on February 27. The floor price for the issue is at Rs 47.84 per share, reports CNBC-TV18.

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Development Credit Bank (DCB) QIP issue is going to open on February 27. The floor price for the issue is at Rs 47.84 per share, reports CNBC-TV18.

At 13:19 hrs the share was quoting at Rs 48.60, down Rs 2.05, or 4.05%. It touched an intraday high of Rs 51 and an intraday low of Rs 48.10.
 
It was trading with volumes of 607,797 shares. In the previous trading session, the share closed down at Rs 50.65.

The company's trailing 12-month (TTM) EPS was at Rs 1.07 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 45.42. The latest book value of the company is Rs 28.09 per share. At current value, the price-to-book value of the company was 1.73.