Pritesh Mehta of IIFL told CNBC-TV18, "For Dena Bank, we can see an upside potential till Rs 59-60 levels. The stock was consolidating for last two months and then it broke out in yesterday's trade. So, I am expecting a bit of run-up to come in the counter but around Rs 60 there is a strong resistance. So, around Rs 60, one should be booking profits."
At 12:06 hrs Dena Bank was quoting at Rs 56.20, up Rs 1.15, or 2.09 percent. It has touched an intraday high of Rs 56.50 and an intraday low of Rs 55.
The share touched its 52-week high Rs 98.35 and 52-week low Rs 41.85 on 12 March, 2013 and 28 August, 2013, respectively. Currently, it is trading 42.86 percent below its 52-week high and 34.29 percent above its 52-week low. Market capitalisation stands at Rs 2,633.77 crore.
Disclosure: Analyst might have recommended the stock to his clients but has no personal holdings.
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