Thursday, 25 June 2015

Dena Bank spurts on tie-up with MUDRA Bank

The stock advanced 2 percent in early morning trade. 

dena  bank
Dena Bank advanced 2 percent to touch a high of Rs. 46.35 on reports of tie-up with MUDRA (Micro Units Development and Refinance Agency) Bank.

Dena Bank has inked a pact with Mudra Bank to finance new entrepreneurs and small businesses. To government plans to facilitate finance up to Rs. 100,000 crore to promote very small businesses in the current financial year.

The stock is now up a percent at Rs. 45.90. The counter has seen trades of around 29,000 shares as against the two-week daily average volume of around 78,000 shares on the BSE.

Meanwhile, the Sensex has jumped 51 points to 27,780 

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