Buy DCB Bank: CMP:115 Target: 200+ for next two years.
DCB is one of the best upcoming private bank with strong balance sheet and lot of scope for growth going forward.
From April 2013, bank has increased it's branches from 94 to 154 across 17 states and 2 union territory and number of employees increased from 2220 to 3352.Now they are moving towards states like Chhattisgarh, Madhya Pradesh on the southern side Telangana and now on the eastern side Odisha.
Bank reported very good quarterly result for March 31st 2015, with profit increased QOQ to 61%.
Considering turnaround in Indian economy,banks low NPA levels and execution ability, we can expect health growth year on year for next few years.
DCB is one of the best upcoming private bank with strong balance sheet and lot of scope for growth going forward.
From April 2013, bank has increased it's branches from 94 to 154 across 17 states and 2 union territory and number of employees increased from 2220 to 3352.Now they are moving towards states like Chhattisgarh, Madhya Pradesh on the southern side Telangana and now on the eastern side Odisha.
Bank reported very good quarterly result for March 31st 2015, with profit increased QOQ to 61%.
Considering turnaround in Indian economy,banks low NPA levels and execution ability, we can expect health growth year on year for next few years.
