DCB postpones Rs 150cr QIP; stock slips 3.3%

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DCB postpones Rs 150cr QIP; stock slips 3.3%

Development Credit Bank (DCB) has postponed its Rs 150 crore QIP plan to June, reports Business Standard.

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Development Credit Bank (DCB) has postponed its Rs 150 crore QIP plan to June, reports Business Standard.

The share touched an intraday high of Rs 40.05 and an intraday low of Rs 38.90. At 09:30 hrs the share was quoting at Rs 39.20, down Rs 1.35, or 3.33%.
 
It was trading with volumes of 124,309 shares. In the previous trading session, the share closed up 1.12% or Rs 0.45 at Rs 40.55.

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 36.64. The latest book value of the company is Rs 28.10 per share. At current value, the price-to-book value of the company was 1.4.