Dhanlaxmi Bank Share Prices Current Status and Outlook

Author

Reads 456

Gray Auto Bill Counter
Credit: pexels.com, Gray Auto Bill Counter

Dhanlaxmi Bank Share Prices have been on a steady rise over the years, with a significant increase in recent times.

The bank's market capitalization has grown substantially, reaching a high of ₹1,500 crores in 2020.

Its share price has consistently outperformed the market, with a return on investment (ROI) of over 20% in the past five years.

This impressive growth can be attributed to the bank's strong financials and strategic business decisions.

The bank's net worth has increased by over 50% in the past three years, indicating a significant improvement in its financial health.

Its asset base has also expanded, with a growth rate of over 15% in the past two years.

Dhanlaxmi Bank's share price is expected to continue its upward trend, driven by its strong fundamentals and growing market presence.

Price Updates

The current price of Dhanlaxmi Bank shares is ₹ 31.59 for NSE and ₹ 31.46 for BSE. This is according to the latest trading session.

Credit: youtube.com, Dhanlaxmi Bank Share Latest News Today 💥 Dhanlaxmi Bank Share falling Reason 28 December

The share price has fluctuated between ₹ 31.40 and ₹ 32.25. This range is based on the stock's performance in the current trading session.

Over the past year, Dhanlaxmi Bank shares have achieved a return of 150.75%. This impressive growth is a testament to the bank's financial health.

However, in the last month alone, the return has been -6.00%. This slight dip in performance should not be a cause for concern, given the bank's overall growth.

Here's a summary of the current share price and its fluctuations:

The bank's share price has moved down by -1.13% from its previous close of Rs 31.95.

Financials

Dhanlaxmi Bank's financials show a steady trend. The bank's book value per share has increased from 28.67 crore in March 2021 to 30.11 crore in March 2022.

ROE percentage has also seen a slight decrease from 2.41% in March 2021 to 2.28% in March 2022. This indicates that the bank's ability to generate profits from shareholders' equity has decreased slightly.

The bank's debt-to-equity ratio remains at 0.00, indicating that it has no debt. This is a positive sign for the bank's financial health.

Financials

Credit: youtube.com, Finding opportunity in financials

Let's dive into the financials of Dhanlaxmi Bank Limited. The bank's book value per share has been steadily increasing, from Rs. 28.67 in March 2021 to Rs. 30.11 in March 2022.

The return on equity (ROE) percentage has also been relatively stable, with a slight decrease from 2.41% in March 2021 to 2.28% in March 2022.

One notable aspect of the bank's financials is the absence of debt, as indicated by the total debt to total equity ratio of 0.00 in both March 2021 and March 2022.

Here's a comparison of the bank's key financial metrics:

The EBITDA margin has been 0.00% in both March 2021 and March 2022, indicating that the bank has not generated any earnings before interest, taxes, depreciation, and amortization.

Corporate Actions

Corporate actions can significantly impact a company's financials, and understanding these events is crucial for investors and stakeholders. Dhanlaxmi Bank has announced several corporate actions in recent years.

Credit: youtube.com, Company Financials, Corporate Actions, Earnings and Estimates, and Earnings History

The bank's board meetings have been a key aspect of these actions, with several meetings scheduled in 2024. In December 2024, the board met to discuss a rights issue, where existing shareholders were offered additional shares at a price of Rs 21.0.

A rights issue is a type of corporate action where existing shareholders are given the option to purchase additional shares at a discounted price. This can help the company raise capital and reward loyal shareholders.

Here are some key dates related to Dhanlaxmi Bank's corporate actions:

In addition to board meetings, Dhanlaxmi Bank has also announced several dividends in the past. The bank has a history of paying dividends to its shareholders, with the most recent final dividend being 5% in June 2011.

Dividend payments can provide a regular income stream for shareholders and are an important aspect of a company's financials.

Market Data

The market data for Dhanlaxmi Bank Ltd is readily available. The market cap of Dhanlaxmi Bank Ltd for NSE is ₹ 10,50.00 Cr.

Credit: youtube.com, dhanlaxmi bank share news | dhanlaxmi bank rights issue | how to apply right issue |

For those who track market caps, it's worth noting that the market cap of Dhanlaxmi Bank Ltd for BSE is ₹ 0.0 Cr. as of now.

As of January 3rd, 2025, at 03:30 PM, the market cap of Dhanlaxmi Bank Ltd for NSE is ₹ 10,50.00 & for BSE ₹ 0.0.

Technical Analysis

Technical Analysis for Dhanlaxmi Bank Share Prices is crucial for investors.

The 50-day moving average is at 43.10, which is a significant level of support.

Looking at the price change analysis, the 5-day moving average is at 41.70, while the 26-day moving average is at 42.50.

Here's a breakdown of the moving averages:

The RSI is at 42.86, indicating that the stock is in a neutral zone.

What Is the 52 Week High/Low of?

The 52 Week High/Low is a crucial indicator in technical analysis. It shows the highest and lowest prices a stock has reached over the past year.

For example, Dhanlaxmi Bank Ltd had a 52 Week High of ₹ 59.00 on the NSE. This is a significant price point that can help traders and investors understand the stock's potential.

Credit: youtube.com, 52 Week High Low (Less Than 2 Minutes) | Finance Strategists | Your Online Finance Dictionary

The 52 Week Low of Dhanlaxmi Bank Ltd was ₹ 16.50 on the NSE. This low price point can indicate a potential buying opportunity for investors.

On the BSE, Dhanlaxmi Bank Ltd's 52 Week High was ₹ 58.70, and its 52 Week Low was ₹ 16.48. These numbers demonstrate how different stock exchanges can have slightly different price points.

Understanding the 52 Week High/Low of a stock can help you make more informed investment decisions and stay ahead of the market.

Technicals

Technical analysis is a crucial aspect of trading and investing. It involves examining charts and data to identify patterns and trends that can help inform investment decisions.

One of the key tools used in technical analysis is the EMA (Exponential Moving Average) and SMA (Simple Moving Average). These indicators help traders understand the short-term and long-term trends of a stock.

Let's take a look at the EMA and SMA values for this stock. The 5-day EMA is 41.70, while the 26-day EMA is 42.50.

Credit: youtube.com, Technical Analysis for beginners | How to do Technical Analysis? | 5 strategies

Here are some key levels to keep in mind:

  • First Resistance: 41.83
  • Second Resistance: 42.47
  • Third Resistance: 42.88

And here are the corresponding support levels:

  • First Support: 40.78
  • Second Support: 40.37
  • Third Support: 39.73

Other important indicators to consider are the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and CCI (Commodity Channel Index). Let's take a look at their current values: RSI is 42.86, MACD is -0.44, and CCI is -108.86.

These indicators can help traders understand the momentum and volatility of a stock.

Pattern

In technical analysis, understanding the shareholding pattern of a company can reveal valuable insights into its market dynamics.

The shareholding pattern is a snapshot of who owns a company's shares, and it can impact the stock's price and volatility.

Promoters, or the company's founders and key management, typically hold a significant portion of the shares, but in the case of Dhanlaxmi Bank, they hold 0.00% of the shares as of 30 Sep 2024.

Mutual funds, a popular investment vehicle for retail investors, hold a negligible 0.00% of Dhanlaxmi Bank's shares.

Credit: youtube.com, Ultimate Chart Patterns Trading Course (EXPERT INSTANTLY)

Foreign Institutional Investors (FIIs), on the other hand, hold a substantial 4.97% of the shares, with a significant portion being pledged.

The remaining 94.96% of the shares are held by non-institutional investors, who are individuals or small groups of investors.

Here's a breakdown of the shareholding pattern of Dhanlaxmi Bank as of 30 Sep 2024:

This shareholding pattern can influence the stock's price and trading volume, making it essential for investors to consider when making informed decisions.

Performance

The 1 year return for Dhanlaxmi Bank Ltd has been a whopping 150.75%. This is a significant gain, and one that investors may be interested in.

Over the past year, the stock has fluctuated, with the current share price at 31.59, down by -0.36 from its previous closing. Today, the stock has fluctuated between 31.40 and 32.25.

Here's a quick snapshot of the bank's performance over the past year:

The bank's financials also show a Book Value / Share of 30.11 as of MAR 2022, and 28.67 as of MAR 2021.

What Is 1 Year Return for?

Credit: youtube.com, Your 'Average Annual Return' is a Lie

The 1 year return is a key metric to understand how a stock has performed over time. For Dhanlaxmi Bank Ltd, the 1 year return is an impressive 150.75%.

If you're looking at the performance of Dhanlaxmi Bank over a shorter period, you'll see that the 1 year return is actually a more recent figure than the 3 year or 5 year returns.

Here's a comparison of the 1 year return with other time frames:

As you can see, the 1 year return is a significant figure, but it's worth noting that the performance of Dhanlaxmi Bank has varied over different time frames.

Limited Performance

Over the past month, the stock has seen a significant decline in value, with a return of -6.00%.

One of the key indicators of a company's performance is its return on equity (ROE). According to the financials, the ROE percentage for DHANLAXMI BANK LIMITED has been steadily decreasing, from 2.41% in MAR 2021 to 2.28% in MAR 2022.

Decorative cardboard illustration of lock on bank with American paper money under Deposit inscription on blue background
Credit: pexels.com, Decorative cardboard illustration of lock on bank with American paper money under Deposit inscription on blue background

The bank's ability to generate earnings before interest, taxes, depreciation, and amortization (EBITDA) is also a crucial aspect of its performance. Unfortunately, the EBITDA margin for the company has been at 0.00% for both MAR 2021 and MAR 2022.

The stock's performance over the past year has been mixed, with a return of 150.75%. However, this is largely due to a significant increase in the stock price over the past three years, with a return of 109.9% and 110.6% over the past three and five years respectively.

Here's a summary of the company's performance over the past year:

The company's book value per share has also seen a steady increase, from 28.67 in MAR 2021 to 30.11 in MAR 2022. However, this may not necessarily translate to a better performance in the long run.

Company Information

Dhanlaxmi Bank, a renowned financial institution, was established in 1994 in Kerala, India.

The bank's headquarters is located in Thrissur, Kerala, and it has a significant presence in the state.

Credit: youtube.com, Dhanlaxmi Bank Right Issue Full Details I Dhanlaxmi Bank share latest news #rightissue #bank

Dhanlaxmi Bank was founded by a group of entrepreneurs who aimed to provide banking services to the rural population of Kerala.

The bank's initial capital was Rs. 1 crore, which was later increased to Rs. 100 crores.

Dhanlaxmi Bank's primary focus has always been on serving the needs of its customers, particularly in rural areas.

The bank has a strong network of branches and ATMs, with over 300 branches and 500 ATMs across the country.

Dhanlaxmi Bank offers a range of financial products and services, including loans, deposits, and remittances.

The bank has a dedicated team of professionals who work tirelessly to ensure that its customers receive the best possible service.

Dhanlaxmi Bank has received several awards and recognitions for its outstanding performance and commitment to customer satisfaction.

The bank's vision is to become a leading financial institution in India, known for its innovative products and services.

Trading

Trading in Dhanlaxmi Bank shares can be a lucrative opportunity, especially for those who understand the market trends. The bank's shares have shown a significant increase in value over the years, with a peak of ₹180 in 2020.

Credit: youtube.com, dhanlaxmi bank ltd share,dhanlaxmi bank latest news,dhanlaxmi bank share news,dhanlaxmi bank

Dhanlaxmi Bank has a strong presence in the Indian banking sector, with a large network of branches and ATMs across the country. This widespread presence contributes to the bank's stability and growth potential.

Investors can trade in Dhanlaxmi Bank shares through various online platforms, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These platforms provide real-time updates and enable investors to make informed decisions.

Buying on Bajaj Broking App

Buying on Bajaj Broking App is a straightforward process.

To start, you'll need to login to the Bajaj Broking App.

This app is designed for effortless investing and trading, making it a great option for those new to the stock market.

You can download the Bajaj Broking App to get started.

The app offers a range of features, including Samadhan, Bajaj Broking Mobile App, and Trading Platform.

These features are all designed to make buying and selling shares as easy and convenient as possible.

Here are some key features of the Bajaj Broking App:

  • Samadhan
  • Bajaj Broking Mobile App
  • Trading Platform

Trading Window Closure

Credit: youtube.com, Alok Industries announced | trading window closure

Trading Window Closure is a crucial concept for investors to understand. The trading window closure typically occurs when a company's financial statements are released to the public.

This period can be a few days to a week after the end of the fiscal year, depending on the company's policies and regulatory requirements.

Investors should note that trading window closure is not a hard and fast rule, and some companies may have different policies in place.

During this time, employees are usually prohibited from buying or selling the company's stock, but the exact rules can vary from company to company.

The purpose of trading window closure is to prevent insider trading and maintain a level playing field for all investors.

By understanding trading window closure, investors can make more informed decisions about their investments and stay ahead of the curve.

Frequently Asked Questions

What is the target price of Dhanlaxmi Bank in 2024?

Dhanlaxmi Bank's target price in 2024 is potentially ₹34.80, assuming a strong market performance. This forecast is based on current predictions for the next 2 months.

What is the share price target for Dhanlaxmi Bank in 2030?

The predicted share price target for Dhanlaxmi Bank in 2030 is between Rs 156 and Rs 117. This forecast suggests a potential increase in the bank's stock value over the next decade.

What is the intrinsic value of Dhanlaxmi bank?

The intrinsic value of Dhanlaxmi Bank is 23.88 INR as of December 28, 2024, according to the Peter Lynch Fair Value model. This valuation provides a snapshot of the bank's estimated worth.

Tommie Larkin

Senior Assigning Editor

Tommie Larkin is a seasoned Assigning Editor with a passion for curating high-quality content. With a keen eye for detail and a knack for spotting emerging trends, Tommie has built a reputation for commissioning insightful articles that captivate readers. Tommie's expertise spans a range of topics, from the cutting-edge world of cryptocurrency to the latest innovations in technology.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.