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DCB Bank hits record high on fund raising plans

DCB Bank hits record high on fund raising plans

Friday, March 10, 2017, 2:16 PM
DCB Bank hit a record high of Rs 164, up 4% on BSE, extending its Thursday’s 2% gain, after the private sector lender said its board approved fund raising plan by up to Rs 400 crore, through qualified institutional placement (QIP). Thus far in 2017, the stock has outperformed the market by surging 52% against 9% rise in the S&P BSE Sensex.
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