Dhanalakshmi Bank stock plunges 7.86 percent
Bangalore: Dhanalakshmi Bank ended the trading among top losers with a loss of 7.86 percent (
13.65). The stock of bank opened at 172.75, close to the 52-week high value 178.40, but could not maintain throughout the day and ended the trading at 159.10. Overall, 498,187 shares were traded throughout the day with the current P/E ratio at 17.58. With 115,116 units of shares, Bharti AXA Equity Fund holds the largest number of shares in Dhanalakshmi Bank. The stock chart for 52-week is given on left.
The Dhanalakshmi Bank is an India-based bank. The company operates in four segments: treasury operations, corporate/ wholesale banking, retail banking and other banking business operations. The treasury operations segment includes the entire investment portfolio of The Dhanalakshmi Bank. The corporate/wholesale banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, which are not included under the retail banking. The retail banking segment includes the exposure upto rupees five crores to individuals, partnership firms, trusts, private limited companies, public limited companies and co-operative societies. The other banking business operations segment includes all other banking operations not covered under treasury, wholesale banking and retail banking segments. As of March 31, 2009, it operated through a network of 181 branches and 26 extension counters spread over eight states. In the first quarter ended on June 30, 2009, the bank generated total income of 13,560 lakh against 9,995 lakh for the quarter ended on June 30, 2008. The Net Profit was at 1,012 lakh against 952 lakh.
Other banks have performed very badly on the BSE and ended the trading in the red zone. Axis Bank slipped 1.01 percent, IDBI Bank dipped 2.33 percent, Kotak Mahindra Bank slipped 2.67 percent and UCO Bank slipped 2.66 percent.
13.65). The stock of bank opened at 172.75, close to the 52-week high value 178.40, but could not maintain throughout the day and ended the trading at 159.10. Overall, 498,187 shares were traded throughout the day with the current P/E ratio at 17.58. With 115,116 units of shares, Bharti AXA Equity Fund holds the largest number of shares in Dhanalakshmi Bank. The stock chart for 52-week is given on left.
The Dhanalakshmi Bank is an India-based bank. The company operates in four segments: treasury operations, corporate/ wholesale banking, retail banking and other banking business operations. The treasury operations segment includes the entire investment portfolio of The Dhanalakshmi Bank. The corporate/wholesale banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, which are not included under the retail banking. The retail banking segment includes the exposure upto rupees five crores to individuals, partnership firms, trusts, private limited companies, public limited companies and co-operative societies. The other banking business operations segment includes all other banking operations not covered under treasury, wholesale banking and retail banking segments. As of March 31, 2009, it operated through a network of 181 branches and 26 extension counters spread over eight states. In the first quarter ended on June 30, 2009, the bank generated total income of 13,560 lakh against 9,995 lakh for the quarter ended on June 30, 2008. The Net Profit was at 1,012 lakh against 952 lakh.
Other banks have performed very badly on the BSE and ended the trading in the red zone. Axis Bank slipped 1.01 percent, IDBI Bank dipped 2.33 percent, Kotak Mahindra Bank slipped 2.67 percent and UCO Bank slipped 2.66 percent.