Dena Bank

Buy Dena Bank with target Rs 85: Ashwani Gujral

Buy Dena Bank with target Rs 85: Ashwani GujralTechnical Expert Ashwani Gujral has suggested Buy Call for Public Sector lender Dena Bank with a target of Rs 85.

While commenting during an interview on CNBC Awaaz, Mr. Gujral has suggested stop loss of Rs 71 for Dena Bank.

The stock is down by 5.2% at 11.10 am, at Rs 71.5 on NSE. Dena Bank has touched 52-week high and low of Rs 79.9 and 24 on NSE.

Dena Bank opens Corporate business branch

Dena Bank Chairman DL RawalState-run Dena Bank has inaugurated its corporate business branch in Chennai.

The sources informed that the newly opened branch would be a one-stop financial super market that will provide composite credit, foreign exchange as well as other banking necessitates of the corporate sector.

Sources added that the branch will also be introducing 10 branches in Chennai region by end of the latest fiscal.

Dena Bank hopes to get Rs 500-crore capital infusion

Dena Bank The Chairman and Managing Director of Dena bank, Mr. D. L. Rawal, is hopeful of getting capital infusion of Rs 500 crore for the bank, from the central government in September. The bank is also working out ways to get additional infusion of Rs 400 crore in 2010-11 from the government.

Dena Bank inks ‘Distribution pact’ with Fidelity Mutual Fund

Dena Bank inks ‘Distribution pact’ with Fidelity Mutual FundPublic sector lender Dena Bank, has entered into an agreement with Fidelity Mutual Fund, for the distribution of its products.

Under the arrangement, Fidelity Mutual Fund's entire range of mutual funds will now be available at the branches of Dena Bank.

Dena bank's latest tie-up with Fidelity Mutual Fund is considered by market experts, as another step towards fulfilling lender's commitment to its customers to bring to them a variety of savings and investment solutions.

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