Buy Dena Bank with target of Rs 87.50: Joshi

Buy Dena Bank with a target of Rs 87.50, says Sharmila Joshi of Fairwealth Securities

Joshi told CNBC-TV18, "In Dena Bank NII growth of 24% has led to a net profit growth of about 21%. We have seen a reduction in gross NPAs and also I think the fact that the stock is trading at a discount to its book value, so this is a stock that I buy with a target of Rs 87.50 and a stop loss of Rs 84." Click HERE to know the rules and follow the score card