RBL BANK Share Price Up by 5%; BSE BANKEX Index Up 3.0%
October 19, 2020 01:25 PM

RBL BANK share price has zoomed 5% and is presently trading at Rs 181.

Meanwhile, the BSE BANKEX Index is at 27,533 (up 3.0%).

Among the top Gainers in the BSE BANKEX Index today are RBL BANK (up 5.0%) and ICICI BANK (up 5.0%).

Over the last one year, RBL BANK has moved down from Rs 264 to Rs 181, registering a loss of Rs 83 (down 31.7%).

On the other hand, the BSE BANKEX has moved down from 32,270 to 27,533, loss of 4,737 points (down 14.8%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 40,519 (up 0.9%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 5.0%), AXIS BANK (up 4.6%) and ONGC (up 3.8%). Other gainers include NESTLE (up 3.6%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,898 (up 0.8%). The top gainers in the NSE Nifty include ICICI BANK (up 5.0%), AXIS BANK (up 4.5%) and ONGC (up 3.6%). Other gainers include SBI (up 3.5%) and NESTLE (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,506 to 40,519, registering a gain of 2,013 points (up 4.81%).

RBL BANK Financial Update...

RBL BANK net profit stood at Rs 1 billion for the quarter ended March 2020, compared to a profit of Rs 700 million a year ago. Operating income rose 2.4% to Rs 22.1 billion during the period as against Rs 21.6 billion in January-March 2019.

For the year ended March 2019, RBL BANK reported 33.3% increase in net profit to Rs 8.6 billion compared to net profit of Rs 6.4 billion during FY18.

Revenue of the company grew 38.2% to Rs 63 billion during FY19.

The current Price to earnings ratio of RBL BANK, based on rolling 12 month earnings, stands at 15.2x.