[Stock idea]: DCB Bank…Private sector bank at PSU bank valuations
Recently, I came across DCB Bank. The reason it came to my notice is because company announced that it will be allotting 60.58 lakh shares to Promoters (Aga Khan Fund) at Rs 137/- per share. I started looking deeper into the bank and realized it’s one of the lowest valued listed Private Sector Bank with a PE of around 8.7 and Price to book value of 1. The reported numbers and valuations looked interesting and below we have shared the summary…
