Bullish DCB Bank on Bearish market!!DCB Bank is 3.5% up in bearish market, This shows why you need to hold stocks with good factor of safety (PB less than 1)
Even if this bank will go bankrupt, my capital will be safe..!! :D
Why I hold this bank stock ?
- It has PB less than 1 around (0.8)
- financing margin (operation margin) around 4% on average.. when for Kotak this stands at -8 to -10% :D
- Net NPA is less than 2% , which is very great from Indian banking standard.
Still if this doesn't convince you,
- Then, I have used their services while I was traveling to more than 22 EU countries. & Service was top notch, way better than Axis, SBI & Kotak bank (I had their Foreign cards as well)
Hence, first hand experience of their service with great fundamentals has convinced me to ride this bank till I get 200-300% returns! :D
(One more insider info - Blackrock (DSP) also holds this stock in major position)
Disclosure: Invested
~For educational purpose~
