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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
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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

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Broker Research
first published: Aug 11, 2021 05:08 pm

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