The stock traded at a P/E multiple of 72.06, while the price-to-book value ratio stood at 6.64.

The Nifty Bank index was trading 1.22 per cent up at 37949.1.

According to the latest shareholding data filed by the company, Damani holds 12,51,156 equity shares or 1.09 per cent stake in the defence player.

A total of 15,871 shares changed hands on the counter till 10:56AM (IST).

DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

The partially convertible rupee opened at 74.3550/$1 against 74.4900/$1 at the previous close. So far in the day, the Indian currency moved in a band of 74.3400-74.3725/$1.

“Even if there is earnings growth, the valuation compression will lead to many of the stocks actually not giving returns.”

"We look at individual sectors and within those sectors we try to find out which are the stocks that give me comfort for both value and earnings growth."

Dogecoin, Shiba Inu and other tokens associated more with online jokes rather than actual software products have been hit harder than sector originals Bitcoin or Ethereum during the recent retreat from the record price levels reached late last year. Doge is off nearly 80% from its all-time high of 74 cents in May, and Shiba has declined more than 65% since hitting its peak of fractions of a penny in late October.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 18924.13 Crore).