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RBL BANK Gains 3%; BSE BANKEX Index Up 0.3%
Thu, 22 Aug 10:20

RBL BANK Gains 3%; BSE BANKEX Index Up 0.3%Image source: hudiemm/www.istockphoto.com

RBL BANK share price has zoomed 3% and is presently trading at Rs 234.4.

Meanwhile, the BSE BANKEX index is at 57,986.4 (up 0.3%).

Among the top gainers in the BSE BANKEX index today are AU SMALL FINANCE BANK (up 1.6%) and IDFC FIRST BANK (up 1.3%).

Kotak Bank (down 0.2%) and Federal Bank (down 0.1%) are among the top losers today.

Over the last one year, RBL BANK has moved up from Rs 218.7 to Rs 234.4, registering a gain of Rs 15.8 (up 7.2%).

On the other hand, the BSE BANKEX index has moved up from 49,390.7 to 57,986.4, registering a gain of 17.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 51.2%), SBI (up 43.5%) and Bank of Baroda (up 33.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,030.5 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and Asian Paints (up 1.0%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,030.5, registering a gain of 15,814.4 points (up 24.2%).

RBL BANK Financial Update...

RBL BANK net profit grew 9.9% YoY to Rs 3,511 million for the quarter ended June 2024, compared to a profit of Rs 3,195 million a year ago. Net sales rose 22.5% to Rs 34,969 million during the period as against Rs 28,554 million in April-June 2023.

For the year ended March 2024, RBL BANK reported 37.0% increase in net profit to Rs 12,599 million compared to net profit of Rs 9,195 million during FY23. Revenue of the company grew 28.1% to Rs 123,938 million during FY24.

The current Price to earnings ratio of RBL BANK, based on rolling 12 month earnings, stands at 11.0.

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