TRADING ALERT; DCB

DCB TARGET 49 Hit on 9/5/2013



CALL DETAILS  SEE HERE

SHORT TERM TRADES; HDIL, KEC INTERNATIONAL, ING VYSYA BANK, TATA GLOBAL, DCB

HDIL:

1. BUY at cmp 50.25
2. Keep a stop loss at 45 closing basis
3. Target 55 in about 15 trading sessions

TARGET 55 HIT ON 22/4/2013

KEC INTERNATIONAL:

1. BUY at cmp 51
2. Keep a stop loss at 47 closing basis
3. Target 56 and then 60 in about a month

TARGET 56 HIT ON 23/4/2013

ING VYSYA BANK:

1. BUY at cmp 568
2. Keep a stop loss at 530 closing basis
3. Targets 590 and 610 in a month or so.

TARGET 590 HIT ON 25/4/2013 AND 610 ON 30/4/2013

TATA GLOBAL BEVERAGES:

1. BUY at cmp 138
2. Keep a deepish stop loss at 125 closing basis
3. Targets 142 and then 153 in a month or thereabouts 

TARGET 142 HIT ON 29/4/2013
TARGET 153 HIT ON 16/7/2013

DCB:

1. BUY at cmp 46
2. Keep a stop loss at 41 closing basis
3. Targets 49 and 52.

TARGET 49 HIT ON 9/5/2013
TARGET 52 HIT ON 12/7/2013

RESULTS SUMMARY; EOD 12/1/2012; DCB

-DEVELOPMENT CREDIT BANK LTD Q3 FY2012 RESULTS  SEE HERE
First sight, the results look good, both qoq and yoy; No problems on the NPA/Asset profile front. Operating numbers too look good. great follow up to last Quarters excellent numbers.

DCB; RESULTS UPDATE

DCB has delivered good Q2 FY2012 numbers;

-the Net Profit was at Rs 13.32 cr vs Rs 4.8 cr YOY;
-Net Interest Income at Rs 59 cr vs Rs 46.5 cr YOY ;
-sequential improvement in NIMs from 3.1% to 3.4%;
-marginal improvement in Asset Quality;
-reasonable growth in Loan Book and Deposits;
                                            -flattish CASA at 33.3 %.

This Blog reiterates its long term BUY rating on the Scrip with the safe entry zone as 42-48 for the long term.


Original Call made on 18/9/2011 READ HERE

RESPONSE TO READER'S QUERY: @NR 16/9/11 DCB

Perusing the TECHNICALS , we see that the Stock has a good support at 42 levels and below that a solid support at 38 levels. On the upside, the first resistance is at 52 levels and then at 57 followed by 60. Confirmed uptrend only if it breaks 60 levels decisively.

Briefly, FUNDAMENTALS indicate a greatly improved performance in FY10-11 as well as Q1 this Financial Year. The biggest possible kicker could be the speculated consolidation post issue of new banking Licences wherein DCB could be a prime acquisition target. So DCB seems to be a good long term pick for slightly aggressive Portfolios provided we get the Entry price right, since the Scrip is volatile and a bit of a trader favourite.

Overall, in my opinion, we can buy DCB in the range 42-48 (CMP) in staggered lots and hold for a year or two at the very least, for good gains.