Dhanlaxmi Bank touches roof on reporting 6% growth in gross advances in Q4FY24
Dhanlaxmi Bank is locked its upper circuit limit at Rs. 49.25, up by 2.34 points or 4.99% from its previous closing of Rs. 46.91 on the BSE.
The scrip opened at Rs. 49.25 and has touched a high and low of Rs. 49.25 and Rs. 49.25 respectively. So far 45631 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.70 on 31-Jan-2024 and a 52 week low of Rs. 14.91 on 06-Apr-2023.
Last one week high and low of the scrip stood at Rs. 49.25 and Rs. 40.50 respectively. The current market cap of the company is Rs. 1246.08 crore.
The Institutions holding in the company stood at 11.96%, while Non-Institutions held 88.04% in the company.
Dhanlaxmi Bank’s gross advances stood at Rs 10409 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 5.63% rise in year-on-year (YoY) terms against Rs 9854 crore as of March 31, 2023. Total deposits grew 6.80% to Rs 14259 crore (provisional) as of March 31, 2024, as compared to Rs 13351 crore as of March 31, 2023.
CASA stood at Rs 4381 crore (provisional) as of March 31, 2024, posting a 2.84% rise in year-on-year terms against Rs 4260 crore as of March 31, 2023. Total Business of the bank grew 6.30% to Rs 24668 crore (provisional) as of March 31, 2024, as compared to Rs 23205 crore as of March 31, 2023.
Dhanlaxmi Bank was incorporated in 1927 by group of entrepreneurs at Thrissur located in Kerala. Bank's focus has always been on customizing services and personalizing relations.
