Dena Bank rose 2.77% to Rs 16.70 at 14:56 IST on BSE after the bank said that a meeting of the board of directors of the bank will be held on 22 June 2018 to consider capital planning of the bank for FY 2018-19.
The announcement was made during market hours today, 19 June 2018.Meanwhile, the S&P BSE Sensex was down 172.79 points, or 0.49% to 35,375.47.
On the BSE, 2.17 lakh shares were traded in the counter so far compared with average daily volumes of 1.27 lakh shares in the past two weeks. The stock had hit a high of Rs 16.90 and a low of Rs 16.40 so far during the day. The stock hit a 52-week high of Rs 36.10 on 11 July 2017. The stock hit a 52-week low of Rs 15.05 on 6 June 2018.
Dena Bank said that a meeting of the board of directors of the bank will be held on 22 June 2018 to consider capital planning of the bank for FY 2018-19. The board may consider raising the fund through FPO / Rights Issue / Preferential Issue / Qualified Institutions Placement (QIP) / Employee Stock Purchase Scheme (ESPS), etc.
Dena Bank reported net loss of Rs 1225.42 crore in Q4 March 2018 as against net loss of Rs 575.26 crore in Q4 March 2017. Total income declined 8.48% to Rs 2390.68 crore in Q4 March 2018 over Q4 March 2017.
Dena Bank is a public sector bank. The Government of India held 80.74% stake in the bank as on 31 March 2018.
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