DCB Bank, MCX Shares Soar on Strong Q3 Earnings; Brokerages Positive
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Moneycontrol•27-01-2026, 12:32
DCB Bank, MCX Shares Soar on Strong Q3 Earnings; Brokerages Positive
- •DCB Bank shares hit a 6-year high, rising 8.26% to Rs 198, after reporting a 22% increase in net profit to Rs 185 crore for Q3 FY25.
- •MCX shares climbed over 6% to Rs 2,429, snapping a five-day losing streak, driven by a 150% year-on-year jump in consolidated net profit for the December quarter.
- •DCB Bank's net interest income grew to Rs 625 crore, and non-interest income increased to Rs 221 crore, with improved gross non-performing assets ratio at 2.72%.
- •UBS maintained a 'buy' rating on MCX with a price target of Rs 2,400, citing robust trading volumes and operating leverage.
- •Brokerages like IDBI Capital remain constructive on DCB Bank's outlook, while Elara Capital noted structural limitations to its return ratios.
Why It Matters: DCB Bank and MCX saw significant share price gains due to strong Q3 earnings and positive brokerage outlooks.
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