Sudarshan Sukhani of s2analytics.com shares his view on Dena Bank.
Sukhani told CNBC-TV18, "I must confess that Dena Bank has been a bit of a disappointment. I really thought that it would fly away, it came in my buy list last week but it hasn’t done much. It is still in a trading range. I am assuming that this trading range will eventually resolve itself on the upside because today the markets should see some gains and atleast selectively there will be stocks that go up, I am looking to buy Dena Bank but a little carefully because it didn’t do what I expected it last week."
The share touched its 52-week high Rs 104.00 and 52-week low Rs 47.50 on 27 Feb, 2012 and 02 Jan, 2012, respectively.
Currently, it is trading -5.14% below its 52-week high and 107.68% above its 52-week low.
Market capitalisation stands at Rs 3,453.33 crore.
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