Hot Pursuit     17-May-22
RBL Bank Ltd sees good demand
RBL Bank Ltd is quoting at Rs 120.05, up 3% on the day as on 12:49 IST on the NSE. The stock is down 39.73% in last one year as compared to a 6.97% spurt in NIFTY and a 3.42% spurt in the Nifty Private Bank index.

RBL Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 120.05, up 3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.01% on the day, quoting at 16160.4. The Sensex is at 53995.88, up 1.93%. RBL Bank Ltd has dropped around 7.8% in last one month.

Meanwhile, Nifty Private Bank index of which RBL Bank Ltd is a constituent, has dropped around 6.67% in last one month and is currently quoting at 17090, up 1.69% on the day. The volume in the stock stood at 123.86 lakh shares today, compared to the daily average of 184.84 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 120.05, up 2.65% on the day. RBL Bank Ltd is down 39.73% in last one year as compared to a 6.97% spurt in NIFTY and a 3.42% spurt in the Nifty Private Bank index.

The PE of the stock is 0 based on TTM earnings ending March 22.

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