Dena Bank rose 4.87% to Rs 44.95 at 14:38 IST on BSE after the bank reported net loss of Rs 575.26 crore in Q4 March 2017, higher than net loss of Rs 326.38 crore in Q4 March 2016.
The result was announced during trading hours today, 9 May 2017.Meanwhile, the S&P BSE Sensex was up 17.57 points, or 0.06% to 29,943.72.
On the BSE, 25.24 lakh shares were traded in the counter so far, compared with average daily volumes of 3.20 lakh shares in the past one quarter. The stock had hit a high of Rs 50 and a low of Rs 44.30 so far during the day. The stock hit a 52-week high of Rs 50 on 9 May 2017. The stock hit a 52-week low of Rs 28.05 on 24 May 2016.
The stock had outperformed the market over the past one month till 8 May 2017, rising 20.54% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.13% as against Sensex's 5.61% rise.
The mid-cap state-run bank has equity capital of Rs 787.15 crore. Face value per share is Rs 10.
Dena Bank's total income fell 8.46% to Rs 2612.08 crore in Q4 March 2017 over Q4 March 2016.
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The bank's gross non-performing assets (NPAs) stood at Rs 12618.73 crore as on 31 March 2017 as against Rs 11301.78 crore as on 30 December 2016 and Rs 8560.49 crore as on 31 March 2016.
The ratio of gross NPAs to gross advances stood at 16.27% as on 31 March 2017 as against 14.79% as on 31 December 2016 and 9.98% as on 31 March 2016.
The ratio of net NPAs to net advances stood at 10.66% as on 31 March 2017 as against 9.52% as on 31 December 2016 and 6.35% as on 31 March 2016.
The bank's provisions and contingencies (excluding tax provisions) rose 7.89% to Rs 972.04 crore in Q4 March 2017 over Q4 March 2016.
Provision coverage ratio of the bank was at 50.56% as on 31 March 2017.
Government of India holds 68.55% stake in Dena Bank (as on 31 March 2017).
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