Dhanlakshmi Bank is currently trading at Rs. 30.50, up by 0.30 points or 0.99% from its previous closing of Rs. 30.20 on the BSE.
The scrip opened at Rs. 30.30 and has touched a high and low of Rs. 31.10 and Rs. 30.00 respectively. So far 50628 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.30 on 11-Dec-2012 and a 52 week low of Rs. 24.20 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 32.50 and Rs. 28.50 respectively. The current market cap of the company is Rs. 320.30 crore.
The institutions and non-institutions held 26.97% and 73.03% stake in the bank, respectively.
Dhanlaxmi Bank is planning to raise Rs 200 crore through qualified institutional placement (QIP) or rights issue by the end of this financial year to strengthen the its capital base and finance expansion of its businesses in northern and western part of the country.
In a separate development, the bank is exploring options to sell additional shares to non-resident Indian (NRI) businessmen. In this regard, the bank is in talks with some of these individual investors and aims to raise over Rs 60 crore in next couple of months through preferential share allotment.
At present, Resident individuals have 43.50% stake in the bank, while NRIs hold 8.90% share in the private lender. The remaining shares are with banks and financial institutions, corporate bodies and foreign institutional investors.
Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1745.95 |
| ICICI Bank | 1278.20 |
| Axis Bank | 1143.00 |
| Kotak Mahindra Bank | 1762.70 |
| Indusind Bank | 998.25 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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