Dena Bank reports net profit of Rs 35.31 crore in Q3FY17
Dena Bank has reported results for third quarter ended December 31, 2016.
The Bank has reported a net profit of Rs 35.31 crore for the quarter as compared to net loss of Rs 662.85 crore for the same quarter in the previous year. Total income of the Bank increased by 10.19% at Rs 2999.51 crore for quarter under review as compared to Rs 2722.23 crore for the quarter ended December 31, 2015.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 14.79%, as compared to 9.85% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.52% in Q3FY17.
Technical Levels of Dena Bank
Support at 38.50 and Resistance at 41.50
Break and sustain above 41.50 will take it to 43.50—47.50 and then to 50+ mark.
Else could touch its support level of 38.50
Looks weak only below 38.50
More will update soon!!
