Dena Bank Tanks 5% on Disappointing Q1

Posted By: Religare
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Shares of Dena Bank tumbled 5 per cent on the Bombay stock Exchange after the state-controlled lender reported net loss of Rs 132.65 crore for the quarter ended June 30, 2017.

Dena Bank Tanks 5% on Disappointing Q1
Dena Bank: Quotes, News
BSE 26.10BSE Quote0.25 (0.96%)
NSE 26.10NSE Quote0.2 (0.77%)

Weighed down by Q1, shares of the bank declined as much as 5.00 per cent to hit intra-day low of Rs 32.25 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 33.85 against previous close price of Rs 33.95.

In a similar fashion, shares of the lender were trading 1.32 per cent lower at Rs 33.55 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,454.81, up 144.93 points, or 0.45 per cent, at 11:35 hours.

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