Hold DCB Bank: target of Rs 100: ICICI Direct
ICICI Direct recommended hold rating on DCB Bank with a target price of Rs 100 in its research report dated August 09, 2021.
August 11, 2021 / 05:08 PM IST
ICICI Direct's research report on DCB Bank
DCB Bank is a new generation private sector bank offering a comprehensive range of financial products and has a niche in mortgage lending.Mortgage forms 43% of total loans while SME contributes 10% The bank has 354 branches, 402 ATMs across 19 states, three UTs in India
We downgrade our rating from BUY to HOLD on the stock We value DCB Bank at ~0.8x FY23E ABV and revise our target price from Rs 110 to Rs 100 per share.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.