Dhanlaxmi Bank shares fell as much as 9% on Monday before recovering partially after Sridhar Kalyanasundaram, an independent director, resigned over t

Dhanlaxmi Bank shares fall after independent director quits - Times of India

Sridhar Kalyanasundaram also referred to board factionalism, whistle-blower issues and the ‘belligerent attitude’ of CEO.

Dhanlaxmi Bank Director Resigns Citing Unethical Business Conduct

Dhanlaxmi Bank stock has given a return of 100.12 percent over the last six months. The benchmark Nifty Bank index has given a return of 17.45 percent over the same duration.

Dhanlaxmi Bank tanks 7% after independent director quits over multiple issues

Here are the stocks to watch before going into trade today.

Stocks To Watch: IOCL, Bharat Electronics, Tata Steel, HAL, Dhanlaxmi Bank, Zomato, Tata Elxsi, PVR Inox

Dhanlaxmi Bank posts 207% net profit growth in Q1 FY24. Operating profit up to ₹57.94 crore. Total income up 44%, interest income up to ₹289.14 crore. Total business up 10%, deposits up 7%, CASA share 31.65%. MD & CEO said encouraging performance, focus on CASA, retail deposits, retail & MSME advanc…

Dhanlaxmi Bank records ₹28.30 crore net profit in Q1

Bank of Maharashtra (BoM), Federal Bank, CSB Bank, Karur Vysya Bank and Dhanlaxmi Bank have posted healthy year-on-year (yoy) growth in advances and deposits in the first quarter of FY24, going by their business updates

Five banks post healthy y-o-y growth in advances

Dhanlaxmi Bank has registered a net profit of ₹38.17 crore during Q4 of the FY 23 as against net profit of ₹23.42 crore of the corresponding quarter of FY22. Standalone operating profit for Q4 was ₹38.56 crore.

Dhanlaxmi Bank registers 62% increase in Q4 net profit at ₹38.17 crore

Dhanlaxmi Bank stock has significantly underperformed the Nifty Bank index over the last 5 years. The stock has lost 15.37 percent of its value over the last 5 years. Whereas the Nifty Bank index has given a return of 67.59 percent over the same duration.

Dhanlaxmi Bank jumps 3% on wider profits in Q4

Dhanlaxmi Bank Q4 result: For the whole of FY23, the bank’s net profit was up 37% to Rs 49.36 crore

Dhanlaxmi Bank Q4 net up 63% to Rs 38 cr on improvement in asset quality

Among the stocks that will see action on May 22, 2023 are BPCL, Dhanlaxmi Bank, Shree Cement, Policybazaar, Shreyas Shipping and Delhivery

Stocks that will see action on May 22, 2023

The bank has revised its interest rates on deposits, which now range from 3.25% to 7.25% for maturities of 7 days to 10 years, according to the bank’s official website.

Dhanlaxmi Bank revises FD interest rates: Check new rates

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dhanlaxmi Bank Limited is a bank 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.