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'Buy' DCB Bank Shares Maintains ICICI Securities, Sees Upto 22% Upside — Here's Why

This is a banking stock (barring banks with MFI exposure) that is still trading at multiples similar to the pandemic, adds the brokerage.

<div class="paragraphs"><p>DCB Bank's gross slippages were consistently low at &lt;2% in the pre-Covid-19 phase.</p><p> (Photo Source: Vijay Sartape /NDTV Profit)</p></div>
DCB Bank's gross slippages were consistently low at <2% in the pre-Covid-19 phase.

(Photo Source: Vijay Sartape /NDTV Profit)

DCB’s stock has seen a sharp de-rating post pandemic. For the around five-year period, pre-Covid-19 (2015–20), the stock averaged ~2x multiple on a 1-year forward basis. Excluding the three months of peak crisis, it averaged just 0.8x forward book in the last ~5 years.
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