Sell Dena Bank: Prakash Diwan

Prakash Diwan, Director of Altamount Capital Management told CNBC-TV18, "I would suggest to get out of Dena Bank at whatever values you are getting today, which is closer to Rs 47-48 and you can reinvest this money into some better bank if you want to be in banking like ICICI Bank, ING Vysya Bank or something.”

At 14:18 hrs Dena Bank was quoting at Rs 49.95, down Rs 4.05, or 7.50 percent.
The share touched its 52-week high Rs 128 and 52-week low Rs 41.85 on 07 January, 2013 and 28 August, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 18.35 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 2.72. The latest book value of the company is Rs 164.66 per share. At current value, the price-to-book value of the company was 0.3. The dividend yield of the company was 9.43 percent.