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    HomeNewsBusinessCompaniesDhanlaxmi Bank's new proposals: Is the market convinced?

    Dhanlaxmi Bank's new proposals: Is the market convinced?

    The new management of Trissur-based Dhanlaxmi Bank on Monday rushed to Mumbai to regain investors confidence after the latter shunned its shares on the back of management change due to poor financials. In the last three months Dhanlaxmi shares tanked nearly 54% as against 23% rise in the Bank Nifty, a barometer for banking stocks in the NSE.

    April 10, 2012 / 19:40 IST
       
       
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      Saikat Das
      Moneycontrol.com


      The new management of Thrissur-based Dhanlaxmi Bank on Monday rushed to Mumbai to regain investors confidence after the latter shunned its shares on the back of management change due to poor financials. In the last three months Dhanlaxmi shares tanked nearly 54% as against 23% rise in the Bank Nifty, a barometer for banking stocks in the NSE.


      However, the market does not seem to be convinced about it. Rather, they prefer to monitor the bank's financials in the coming few quarters. Going forward, the bank has an uphill task to manage its business and thereby to prove its worth, believe analysts tracking the bank.

      first published: Apr 9, 2012 06:43 pm

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