The stock of RBL Bank on Wednesday hit a new all-time high of Rs 600 on BSE after the company reported incredible earnings growth for the quarter ended March 2017.
According to the BSE filing, the bank reported a net profit of Rs 130.1 crore in the quarter ended March 2017.
The growth of the bank was reportedly driven by net interest income, other income and operating income.
The stock is trading at Rs 592 up by 1.2% during lunch hours on Wednesday on BSE.
The stock witnessed a spurt in the volume by more than 1.75 times. The stock hit a high of Rs 600 and a low of Rs 573.50 so far during the day.
RBL Bank Limited is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.
Stock View:
RBL Bank Ltd is currently trading at Rs 592.55, up by Rs 7 or 1.2% from its previous closing of Rs 585.55 on the BSE.
The scrip opened at Rs 580 and has touched a high and low of Rs 600 and Rs 573.5 respectively. So far 5284946(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 21970.02 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 599 on 11-Apr-2017 and a 52 week low of Rs 273.7 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs 590 and Rs 547.25 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 21.56 % and 78.44 % respectively.
The stock is currently trading above its 50 DMA.
