Hot Pursuit     29-May-23
RBL Bank Ltd soars 3.37%
RBL Bank Ltd is quoting at Rs 153.35, up 3.37% on the day as on 12:49 IST on the NSE. The stock is up 34.52% in last one year as compared to a 11.63% spurt in NIFTY and a 23.35% spurt in the Nifty PSU Bank index.

RBL Bank Ltd gained for a third straight session today. The stock is quoting at Rs 153.35, up 3.37% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 18598.4. The Sensex is at 62857.23, up 0.57%. RBL Bank Ltd has dropped around 0.81% in last one month.

Meanwhile, Nifty PSU Bank index of which RBL Bank Ltd is a constituent, has dropped around 2.55% in last one month and is currently quoting at 22361.8, up 0.68% on the day. The volume in the stock stood at 76.6 lakh shares today, compared to the daily average of 77.54 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 154.2, up 3.21% on the day. RBL Bank Ltd is up 34.52% in last one year as compared to a 11.63% spurt in NIFTY and a 23.35% spurt in the Nifty PSU Bank index.

The PE of the stock is 10.07 based on TTM earnings ending March 23.

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