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RBL Bank Ltd stays well supported

Capital Market 

RBL Bank Ltd is quoting at Rs 605.35, up 1.6% on the day as on 12:49 IST on the NSE. The stock is up 28.8% in last one year as compared to a 6.51% gain in NIFTY and a 11.58% gain in the Nifty Bank index.

RBL Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 605.35, up 1.6% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 10916.95. The Sensex is at 36213.3, up 0.41%. RBL Bank Ltd has added around 3.63% in last one month.

Meanwhile, Nifty Bank index of which RBL Bank Ltd is a constituent, has added around 0.44% in last one month and is currently quoting at 27043.9, up 0.88% on the day. The volume in the stock stood at 14.13 lakh shares today, compared to the daily average of 11.36 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 605.8, up 1.52% on the day. RBL Bank Ltd is up 28.8% in last one year as compared to a 6.51% gain in NIFTY and a 11.58% gain in the Nifty Bank index.

The PE of the stock is 31.75 based on TTM earnings ending December 18.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 05 2019. 13:05 IST
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