Dena Bank strengthens on reporting 49% rise in Q4 net profit

Dena Bank is currently trading at Rs. 63.80, up by 0.85 points or 1.35% from its previous closing of Rs. 62.95 on the BSE. The scrip opened at Rs. 63.50 and has touched a high and low of Rs. 65.00 and Rs. 63.50 respectively. So far 424023 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.25 on 20-May-2013 and a 52 week low of Rs. 41.85 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 65.00 and Rs. 61.10 respectively. The current market cap of the company is Rs. 3425.89 crore. The promoters holding in the company stood at 58.01%, while Institutions and Non-Institutions held 24.10% and 17.90% respectively. Dena Bank has posted a rise of 49.02% in its net profit at Rs 187.28 crore for the quarter ended March 31, 2014 as compared to Rs 125.67 crore for the same quarter in the previous year. Total income of the bank has increased by 12.87% at Rs 2866.78 crore for quarter under review as compared to Rs 2539.74 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the bank has posted fall of 31.92% in its net profit after tax at Rs 551.66 crore as compared to Rs 810.38 crore for the same period in the previous year. However, total income of bank has increased by 14.02% at Rs 10895.20 crore for year under review as compared to Rs 9554.85 crore for the period ended March 31, 2013.