Dena Bank was up 3% to Rs 34.35 at 12:34 IST on BSE after the bank said its board will meet on 7 January 2017, to consider raising of capital for FY 2017, through equities/bonds.
The announcement was made after market hours yesterday, 4 January 2017.Meanwhile, the S&P BSE Sensex was up 213.91 points or 0.8% at 26,847.04.
On the BSE, 64,000 shares were traded on the counter so far as against the average daily volumes of 1.13 lakh shares in the past one quarter. The stock had hit a high of Rs 34.45 and a low of Rs 33.90 so far during the day.
The stock had hit a 52-week high of Rs 43.90 on 7 July 2016 and a 52-week low of Rs 25.60 on 26 February 2016. It had underperformed the market over the past one month till 4 January 2017, sliding 2.63% compared with the Sensex's 1.53% rise. The scrip had also underperformed the market in past one quarter, declining 13.82% as against the Sensex's 6% fall.
The small-cap bank has equity capital of Rs 787.15 crore. Face value per share is Rs 10.
Dena Bank reported net loss of Rs 44.32 crore in Q2 September 2016 compared with net profit of Rs 38.76 crore in Q2 September 2015. Total income rose 1.5% to Rs 2914.13 crore in Q2 September 2016 over Q2 September 2015.
The Government of India (GoI) held 68.56% stake in Dena Bank as on 3 October 2016.
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