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DCB BANK - IN DEPTH ANALYSISBUY - DCB BANK LTD CMP - Rs. 100 Target - 1: Rs. 123 Target - 2: Rs. 140 Target - 3: Rs. 160 . . Technicals - 1) Bullish Flag Pattern (Before Breakout) . . Fundamentals - DCB Bank Limited (NSE:DCBBANK) is a scheduled commercial bank that provides a range of banking and financial services to its customers. The bank operates in India and has a strong presence in the states of Maharashtra, Gujarat, Andhra Pradesh, and Karnataka. 1) Financial Performance: DCB Bank's financial performance has been consistently improving over the past few years. Its revenue grew at a CAGR of 13.6% from FY2017 to FY2021. However, the bank's profitability has been inconsistent, with net profit declining by 22.3% in FY2020 before recovering by 31.8% in FY2021. The bank's Return on Equity (ROE) has also been inconsistent, with a low of 4.2% in FY2020, and a high of 10.5% in FY2019. In Q3FY22, DCB Bank's net profit grew by 41% YoY and NII by 14% YoY. 2) Asset Quality: DCB Bank has maintained a relatively healthy asset quality, with gross non-performing assets (GNPA) ratio of 1.84% and net non-performing assets (NNPA) ratio of 0.54% as of December 31, 2021. The bank has also been proactive in recognizing and providing for bad loans. Its provision coverage ratio (PCR) stood at 83.84% as of December 31, 2021. 3) Capital Adequacy: DCB Bank has maintained a healthy capital adequacy ratio (CAR), which stood at 15.29% as of December 31, 2021. The bank has been raising capital through various means, including QIPs and the issuance of Tier-II bonds, to support its growth plans. 4) Valuation: DCB Bank is currently trading at a price-to-earnings (P/E) ratio of 21.7x, which is higher than the industry average of 16.7x. The bank's price-to-book (P/B) ratio of 1.7x is also higher than the industry average of 1.5x. However, the bank's dividend yield of 1.5% is higher than the industry average of 1.3%. 5) Growth prospects: DCB Bank has been expanding its branch network and digital capabilities to drive growth. The bank has a total of 345 branches and plans to add 20-25 new branches every year. The bank has also been focusing on building its digital capabilities and has launched various initiatives such as mobile banking, internet banking, and digital lending. The bank has set a target of achieving 25% of its total loans through digital channels by FY2024. In conclusion, DCB Bank has maintained healthy asset quality and capital adequacy and has been expanding its branch network and digital capabilities to drive growth. However, the bank's profitability has been inconsistent, and its valuations are higher than the industry average. Investors should keep these factors in mind before making an investment decision in DCB Bank. . . Follow me for more!
NSE:DCBBANKLong
by nilakshgupta
JUSTDIALJUSTDIAL:- The stock was running in parallel channel for a long time, now it has given a breakout of the upside trendline of that channel and is trying to sustain above the resistance, if it sustains, then you can make a plan for upside, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:JUSTDIALLong
by AjayDhakad_Keep_it_simple
ANURASANURAS:- A falling parallel channel pattern has formed, if the price sustains at 1035.95, we may see an upside move. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ANURASLong
by AjayDhakad_Keep_it_simple
ABFRLABFRL:- Wait for breakout, if resistance gives breakout and sustains then we can see upside movement Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ABFRLLong
by AjayDhakad_Keep_it_simple
LONG TERM SWING BUY TRADE OPPORTUNITY IN SOUTH BANKThe stock has strongly broken the daily and Weekly Range. Please refer the Chart for SL and TARGETS. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:SOUTHBANKLong
by rkinspiro1
1
Banknifty Intraday levels for 11/07/23Good morning Everyone. Banknifty has traded yesterday in small range of falling channel, for today's all global indices looking greens(positive) today, i think we are gonna to see some pullback from these levels, if i talk about support in banknifty, then it is at 44700 and strong support zone is at 44360 levels. Let's see i think if anyone wants to buy there will be two levels to go long in it. first let it come somewhere 44700-44778 and then buy or buy once it crossed above level of 45100. Let's see where market is goes but scenario is positive for small move. I have already market all the best possible levels for banknifty i will write here too. iMPORTANT LEVELS FOR BANKNIFTY:- Buy above 45100 if levels sustain at least for 15 mints. Targets we can see 45230/45359/45551. Keep stop loss at 44869. Support zone at 44778. Sale below 44638 if levels sustain at least for 15 mints. Target we can see 44530/44370. Keep stop loss at 44869. Resistance zone at 45070. Note:- Always wait for the best entry levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
NSE:BANKNIFTY
by TraderRahulPal
2