Dhanlaxmi Bank has resistance at Rs 106-107: LKP

Dhanlaxmi Bank has resistance at Rs 106-107, says Kunal Bothra, LKP.

Bothra told CNBC-TV18, "In Dhanlaxmi Bank technical do not suggest that it is a major kind of a strong rally which we will see from here. But at Rs 106 and Rs 107 is where the resistance lies. In fact today even if you look at it Rs 107 was the high for the day, I think that is about it. At Rs 107-108 levels you might see a continuation of the down trend again."
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 37.64. 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 1.04. The dividend yield of the company was 0.48%. Disclosure: No personal holding in any of the stock but we keep recommending them to our clients.