Stock of Interest

Posted On: September 6, 2023

Stock Report: DHANBANK(NSE) 05 Sep 2023 

Dhanlaxmi Bank Ltd provides various banking and financial services in India. The bank operates through four segments. Its Treasury operations segment consists of interest earnings on the investment portfolio of the bank, gains or losses on investment operations, and earnings from foreign exchange business. The Corporate and wholesale banking segment offers loans and other banking services to the corporate segment. Its Retail Banking segment renders loans and other banking services to non-corporate customers. The Other banking operations segment includes income from para-banking activities such as debit cards, third-party product distribution, and associated costs. All the operations of the bank are located in India. The retail banking segment generates the highest revenue.  

#xCalData predicts that # DHANBANK will continue its bullish phase over the next five days and trend within the range of 24 to 26. 

In comparison to the previous month, the price of the stock has experienced a increase of 18.38% indicating a bullish.

The Stock has doubled once since 23 Dec 2015 and took an average of 1.6 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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