Stock Market News :RBL Bank share trade stock market

   Stock Market News: RBL Bank Share Slips nearly 3%

Stock Market September 9th: RBL Bank share traded 2.78% lower to its previous close. Now, the share price traded at Rs 175.75 at 4.00PM  (IST). The stock has opened at Rs 175.70 and reached an intraday high price of Rs 175.75. Besides, the stock touched a day low price of Rs 170.70. A total of 18,825,938 shares exchanged on the counter. 

It quoted a 52-week high and low price of Rs 415.00 and Rs 101.55, respectively. As of the source, the market capitalization of the RBL bank stood at Rs 8,885.14 crores as of June 2020. As per the BSE, the RBL Bank stock is trading at 22.83 times to its previous year EPS of Rs 7.65 per share. Moreover, it has traded 0.84 times to its Price to Book value.  

As of 30th June 2020, Foreign institutional investors held a 29.28% stake in RBL. The Mutual funds owned 12.26 percent stake. 

RBL Bank Limited has posted its first quarter ended June results for the current fiscal. It reported a standalone net profit down by 47% at Rs 141.22 crore. Besides, the non-performing assets (NPAs) stood at Rs 1,992.07 crore for the first quarter of FY2020-2021.However, the consolidated net profit decreased by 42 % to Rs 154.42 crore in the quarter ended in June 2020.

Stock Market September 9th:

On Wednesday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex continued its trade with a loss of 155.08 (0.40%) and reached to 38,210.27 level. The Nifty traded with a loss of 35.45 (0.31%) points and reached the 11,281.90 level. 

On the other hand, the number of confirmed or coronavirus cases in India reached 43,67,436 as of September 9th, and deaths reached 73,923.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined to 46.38 points with a 0.32% loss and reached a 14,436.40 level. The S&P BSE Smallcap index lost 136.57 points with a 0.95% down and reached a 14,300.96 level. However, the Nifty Bank decreased 445.70 points with a 1.96% decline and reached a 22,298.70 level.