Hot Pursuit     10-Aug-23
RBL Bank Ltd spurts 1.24%, rises for third straight session
RBL Bank Ltd is quoting at Rs 223.7, up 1.24% on the day as on 12:49 IST on the NSE. The stock is up 129.08% in last one year as compared to a 10.79% gain in NIFTY and a 16.3% gain in the Nifty PSU Bank index.

RBL Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 223.7, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 19564.85. The Sensex is at 65745.76, down 0.38%. RBL Bank Ltd has added around 15.37% in last one month.

Meanwhile, Nifty PSU Bank index of which RBL Bank Ltd is a constituent, has added around 1.09% in last one month and is currently quoting at 23209.1, down 0.45% on the day. The volume in the stock stood at 89.14 lakh shares today, compared to the daily average of 239.61 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 223.85, up 1.34% on the day. RBL Bank Ltd is up 129.08% in last one year as compared to a 10.79% gain in NIFTY and a 16.3% gain in the Nifty PSU Bank index.

The PE of the stock is 13.67 based on TTM earnings ending June 23.

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