Motilal Oswal upgrades DCB Bank to ‘buy’, sees 22% upside potential amid attractive valuations

Motilal Oswal upgraded DCB Bank’s stock to ‘buy’ at Rs 175, projecting a 21% earnings CAGR over FY24-26E, with positive outlook on RoA/RoE and asset quality, while DCB Bank shares have shown mixed performance in the market.