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RBL Bank Ltd sees good upmove

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Capital Market

RBL Bank Ltd is quoting at Rs 195.6, up 4.63% on the day as on 12:54 IST on the NSE. The stock is down 68.83% in last one year as compared to a 6.52% fall in NIFTY and a 24.94% fall in the Nifty Bank index.

RBL Bank Ltd rose for a third straight session today. The stock is quoting at Rs 195.6, up 4.63% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 10802.1. The Sensex is at 36656.39, down 0.05%. RBL Bank Ltd has added around 39.17% in last one month.

 

Meanwhile, Nifty Bank index of which RBL Bank Ltd is a constituent, has added around 10.71% in last one month and is currently quoting at 22628, up 1.4% on the day. The volume in the stock stood at 352.08 lakh shares today, compared to the daily average of 554 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 197, up 5.12% on the day. RBL Bank Ltd is down 68.83% in last one year as compared to a 6.52% fall in NIFTY and a 24.94% fall in the Nifty Bank index.

The PE of the stock is 18.81 based on TTM earnings ending March 20.

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First Published: Jul 08 2020 | 1:05 PM IST

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