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    HomeNewsBusinessStocksBuy Dena Bank, says Ranak Merchant

    Buy Dena Bank, says Ranak Merchant

    Ranak Merchant of Shushil Finance feels that one should buy Dena Bank.

    September 30, 2011 / 14:30 IST

    Ranak Merchant of Shushil Finance feels that one should buy Dena Bank.


    Merchant told CNBC-Awaaz, "Investors should buy Dena Bank at Rs 72-75 with a long term perspective. The stock has strong support at Rs 70-71. It may go upto Rs 92 in next 1 year time."


    The company's trailing 12-month (TTM) EPS was at Rs 19.22 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 4.06. The latest book value of the company is Rs 103.76 per share. At current value, the price-to-book value of the company was 0.75. The dividend yield of the company was 2.82%.

    first published: Jan 1, 2011 12:00 am

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