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Dhanlaxmi Bank surges on the BSE

Dhanlaxmi Bank is currently trading at Rs. 15.50, up by 0.35 points or 2.31% from its previous closing of Rs. 15.15 on the BSE.

The scrip opened at Rs. 15.20 and has touched a high and low of Rs. 15.50 and Rs. 15.20 respectively. So far 13691 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 21.25 on 08-May-2019 and a 52 week low of Rs. 12.65 on 19-Aug-2019.

Last one week high and low of the scrip stood at Rs. 15.60 and Rs. 15.05 respectively. The current market cap of the company is Rs. 389.64 crore.

The Institutions holding in the company stood at 13.54%, while Non-Institutions held 86.46%.

Dhanlaxmi Bank has reviewed Marginal Cost of Funds based Lending Rates (MCLRs) with effect from December 01, 2019 to December 31, 2019.

The Bank has fixed the Overnight, 2 days to 1 month, Over 1 month to 3 months and Over 3 months to 6 months MCLR at 8.10% per annum (p.a.), 8.10% p.a. and 8.80% p.a., and 9.60% p.a. respectively. Further, the Bank has also fixed over 6 months to 1 year MCLR at 9.80% p.a.

Dhanlaxmi Bank is engaged in providing a range of banking and financial services. The company’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

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