ICICI Direct has given Hold recommendation for DCB Bank with a target price of Rs. 100 in its research report issued on Aug 09, 2021

ICICI Direct’s research report on DCB Bank

DCB Bank is a new generation private sector bank offering a comprehensive range of financial products and has a niche in mortgage lending.Mortgage forms 43% of total loans while SME contributes 10% The bank has 354 branches, 402 ATMs across 19 states, three UTs in India


We downgrade our rating from BUY to HOLD on the stock We value DCB Bank at ~0.8x FY23E ABV and revise our target price from Rs 110 to Rs 100 per share.


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