RBL Bank slipped 3.42% to Rs 249.95, extending recent losing streak on steep selling pressure.
Shares of RBL Bank tumbled 19.30% to its current market price of Rs 249.95 in four trading sessions from its previous closing high of Rs 309.75 on 9 October 2019.
Meanwhile, the S&P BSE Sensex was up 198 points or 0.52% to 38,412.91.
On the BSE, 6.81 lakh shares were traded in the counter so far compared with average daily volumes of 17.30 lakh shares in the past two weeks.
The stock hit an intraday high of Rs 260.25. It hit an intraday low of Rs 241.75, which is also a record low for the counter. The stock hit a 52-week high of Rs 716.55 on 28 May 2019.
RBL Bank's consolidated net profit rose 35.5% to Rs 265.42 crore on a 51.9% surge in total income to Rs 2,566.86 crore in Q1 June 2019 compared with Q1 June 2018.
RBL Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.
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