Dena Bank
Dena Bank is an interesting mid-cap PSU Banking stock. The bank, like its peers, is down following the news of the bank agricultural loan waivers announced in the recent Indian Budget. Looking at the share holding pattern, 51.19% of shares are held by the Government, 23.67% by Non-Institutions and 15.15% by FII (as of December 31, 2007)
The 52-week high for the script is Rs. 98.25 and 52-week low is Rs. 28.10. The script is trading at Rs. 61 – Rs. 63 levels this morning.
The BSE Sectoral Index Bankex is up 0.20% while Bank Nifty is up 0.32% today. Its other peer banks include Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank, Corporation Bank, IDBI, Indian Bank amongst others
Add commentMarch 4th, 2008