Don`t invest in Dhanlaxmi Bank: Ashish Maheshwari

Ashish Maheshwari of Globe Capital is of the view that one should not invest in Dhanlaxmi Bank.

Maheshwari told CNBC-Awaaz, "Investors should not invest in Dhanlaxmi Bank. The stock is looking weak due to bad news and this is not a good time to invest in smallcap banks. If investors want to invest in banking stocks they can invest in any largecap bank but stay away from smallcap banks."
The company's trailing 12-month (TTM) EPS was at Rs 2.75 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 24.44. The latest book value of the company is Rs 99.21 per share. At current value, the price-to-book value of the company was 0.68. The dividend yield of the company was 0.74%.