Hot Pursuit     28-Apr-23
RBL Bank Ltd soars 2.2%, gains for fifth straight session
RBL Bank Ltd is quoting at Rs 162.85, up 2.2% on the day as on 12:44 IST on the NSE. The stock is up 35.48% in last one year as compared to a 5.08% gain in NIFTY and a 18.8% gain in the Nifty PSU Bank.

RBL Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 162.85, up 2.2% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 17970.55. The Sensex is at 60796.32, up 0.24%. RBL Bank Ltd has added around 19.92% in last one month.

Meanwhile, Nifty PSU Bank index of which RBL Bank Ltd is a constituent, has added around 7.62% in last one month and is currently quoting at 21812.25, down 0.19% on the day. The volume in the stock stood at 45.28 lakh shares today, compared to the daily average of 68.58 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 163.05, up 1.75% on the day. RBL Bank Ltd is up 35.48% in last one year as compared to a 5.08% gain in NIFTY and a 18.8% gain in the Nifty PSU Bank index.

The PE of the stock is 11.82 based on TTM earnings ending December 22.

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