CMP: 104

Dena Bank Ltd. operates banks throughout India. The Banks provides a full range of services, including merchant banking and depository services.

Dena Bank is a decent mid-cap bet trading at a P/E of 4 with dividend yields of almost 3% in the last 12 months. Revenues have risen from 2,710 Crores to 6,794 Crores in the last 5 years. Profits have risen from 360 Crores to 803 Crores in the last 5 years. NPM has dipped marginally from 13% to less than 12% in the last 5 years. Buy and hold for long term gains.