 "RBL Bank hits new high on heavy volumes")
RBL Bank has moved higher by 7% to Rs 400 on BSE, highest level since its listing on August 31, on back of heavy volumes.
A combined 4.92 million shares representing 1.33% of total equity of RBL Bank changed hands in the counter on the BSE and NSE in the first 25 minutes of 'Muhurat' trading.
Since October 19, post July-September 2016 (Q2FY17) results, the stock of private sector lender outperformed the market by surging 28%, as compared to unchanged in S&P BSE Sensex.
The bank had reported a healthy 34% year on year (YoY) jump in net profit after exceptional item at Rs 89.89 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 66.93 crore in the quarter ended September 30, 2015 (Q1FY16).
Net interest income rose 60% YoY at Rs 303 crore in Q2FY17 against Rs 190 crore in the corresponding quarter of previous fiscal. Net Interest Margin (NIM) for Q2FY17 was 3.41% as against 2.99% in Q2FY16, showing an improvement of 42 basis points (bps).
At 07:01 pm, the stock was up 5% at Rs 393 on BSE against 0.06% rise in the benchmark index. A combined 5.9 million shares changed hands on the counter on BSE and NSE so far.
A combined 4.92 million shares representing 1.33% of total equity of RBL Bank changed hands in the counter on the BSE and NSE in the first 25 minutes of 'Muhurat' trading.
Since October 19, post July-September 2016 (Q2FY17) results, the stock of private sector lender outperformed the market by surging 28%, as compared to unchanged in S&P BSE Sensex.
The bank had reported a healthy 34% year on year (YoY) jump in net profit after exceptional item at Rs 89.89 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 66.93 crore in the quarter ended September 30, 2015 (Q1FY16).
Net interest income rose 60% YoY at Rs 303 crore in Q2FY17 against Rs 190 crore in the corresponding quarter of previous fiscal. Net Interest Margin (NIM) for Q2FY17 was 3.41% as against 2.99% in Q2FY16, showing an improvement of 42 basis points (bps).
At 07:01 pm, the stock was up 5% at Rs 393 on BSE against 0.06% rise in the benchmark index. A combined 5.9 million shares changed hands on the counter on BSE and NSE so far.