External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul>
<li>DCB Bank’s (DCB) Q3FY22 numbers were muted owing to higher-than-expected provisions resulting in a miss on PAT and elevated opex</li>
<li>Disbursements during the quarter stood at Rs. 3,341 Cr (+21% YoY, -13% QoQ)</li>
<li>We maintain our BUY rating with a revised target price of Rs 115/share (0.8x FY24E ABV), implying an upside of 32% from CMP.</li>
</ul>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>


DCB Bank’s (DCB) Q3FY22 numbers were muted owing to higher-than-expected provisions resulting in a miss on PAT and elevated opex
Disbursements during the quarter stood at Rs. 3,341 Cr (+21% YoY, -13% QoQ)
We maintain our BUY rating with a revised target price of Rs 115/share (0.8x FY24E ABV), implying an upside of 32% from CMP.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DCB Bank: Muted Quarter, Near Normalization Expected FY23E Onwards!

<p>We initiate coverage on DCB Bank (DCB) with a BUY recommendation and a Target Price of Rs 115/share implying an upside of 24% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We initiate coverage on DCB Bank (DCB) with a BUY recommendation and a Target Price of Rs 115/share implying an upside of 24% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

DCB Bank Limited is a full service commercial bank. The Bank offers consumer banking, commercial banking, and treasury operations.

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DCB Bank Ltd (DCBB IN)

DCB Bank: Muted Quarter, Near Normalization Expected FY23E Onwards!

We maintain our BUY rating with a revised target price of Rs 115/share (0.8x FY24E ABV), implying an upside of 32% from CMP.

Axis Direct

DCB Bank: Valuations Attractive!

We initiate coverage on DCB Bank (DCB) with a BUY recommendation and a Target Price of Rs 115/share implying an upside of 24% from CMP.

Axis Direct

DCB Bank: Valuations Attractive

We initiate coverage on DCB Bank (DCB) with a BUY recommendation and a Target Price of Rs 115/share implying an upside of 24% from CMP

Axis Direct

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)