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RBL BANK Plunges 3%; BSE BANKEX Index Down 0.4%
Tue, 5 Nov 12:2

RBL BANK Plunges 3%; BSE BANKEX Index Down 0.4%Image source: CreativaImages/www.istockphoto.com

RBL BANK share price has plunged 3% and is presently trading at Rs 166.9.

Meanwhile, the BSE BANKEX index is at 58,078.8 (down 0.4%).

Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 2.5%) and Federal Bank (down 1.6%).

Indusind Bank (up 1.6%) is among the top gainers today.

Over the last one year, RBL BANK has moved down from Rs 218.3 to Rs 166.9, registering a loss of Rs 51.4 (down 23.5%).

On the other hand, the BSE BANKEX index has moved up from 48,258.1 to 58,078.8, registering a gain of 20.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 46.2%), Federal Bank (up 42.8%) and ICICI Bank (up 38.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,324.2 (down 0.6%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.7%) and M&M (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,863.1 (down 0.6%). MUNDRA PORT & SEZ and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,324.2, registering a gain of 14,732.9 points (up 23.2%).

RBL BANK Financial Update...

RBL BANK net profit fell 30.0% YoY to Rs 2,317 million for the quarter ended September 2024, compared to a profit of Rs 3,311 million a year ago. Net sales rose 17.4% to Rs 35,310 million during the period as against Rs 30,078 million in July-September 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 8.5.

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