Hot Pursuit     25-Aug-22
RBL Bank climbs over 31% in three days
RBL Bank jumped 6.05% to Rs 129.65, extending gains for the third trading session.

Shares of the private lender surged 31.96% in three trading sessions from its recent closing low of Rs 98.25 on 22 August 2022.

On the BSE, 68.23 lakh shares were traded in the counter so far compared with average daily volumes of 18.40 lakh shares in the past two weeks. The stock hit a high of Rs 132.6 and a low of Rs 119.45 so far during the day.

The stock hit a 52-week high of Rs 221.2 on 10 November 2021. The stock hit a 52-week low of Rs 74.15 on 20 June 2022.

The stock had outperformed the market over the past one month, surged 36.55% compared with 6.59% rise in the Sensex.

The scrip had outperformed the market in past three months, rising 20.27% as against Sensex's 10.59% rise.

However, the counter had underperformed the market in past one year, down 19.72% as against Sensex's 6.26% rise.

On the technical front, the stock's daily RSI (relative strength index) stood at 80.614. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day and 100-day simple moving average (SMA) placed at 91.92 and 104.98, respectively. These levels will act as crucial support zones in near term.

RBL Bank is one of India's fastest growing private sector banks with an expanding presence across the country. As of 31 March 2022, the bank had 502 branches and 1,302 business correspondent branches, of which 289 were banking outlets. RBL Finserve, a 100% subsidiary of the bank, accounted for 789 business correspondent branches.

The bank reported standalone net profit of Rs 201.16 crore as against a net loss of Rs 459.47 crore in Q1 FY23 over Q1 FY22. Total income rose marginally to Rs 2,702.91 crore in Q1 FY23 from Rs 2,679.19 crore in Q1 FY22.

Previous News
  RBL Bank consolidated net profit rises 22.06% in the March 2024 quarter
 ( Results - Announcements 27-Apr-24   12:32 )
  RBL Bank to hold AGM
 ( Corporate News - 12-Jul-24   17:48 )
  RBL Bank to declare Quarterly Result
 ( Corporate News - 13-Jul-24   10:33 )
  RBL Bank Q4 PAT rises 30% YoY to Rs 353 cr
 ( Hot Pursuit - 27-Apr-24   16:45 )
  RBL Bank appoints director
 ( Corporate News - 12-Apr-24   11:36 )
  RBL Bank grants 3.43 lakh stock options under ESOP
 ( Corporate News - 17-Jan-24   14:46 )
  Board of RBL Bank recommends final dividend
 ( Corporate News - 27-Apr-24   12:26 )
  RBL Bank Ltd spurts 0.3%, rises for fifth straight session
 ( Hot Pursuit - 02-Jan-24   13:00 )
  RBL Bank allots 10.21 lakh equity shares under ESOP
 ( Corporate News - 02-Jan-24   12:24 )
  RBL Bank consolidated net profit rises 53.12% in the June 2023 quarter
 ( Results - Announcements 22-Jul-23   14:54 )
  RBL Bank allots 96,620 equity shares under ESOP
 ( Corporate News - 12-Dec-23   11:38 )
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