RBL Bank Ltd up for third straight session

RBL Bank Ltd gained for a third straight session today. The stock is quoting at Rs 334.45, up 1.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 23813. The Sensex is at 75784.77, up 0.8%. RBL Bank Ltd has risen around 7.04% in last one month.

Meanwhile, Nifty Private Bank index of which RBL Bank Ltd is a constituent, has risen around 1.68% in last one month and is currently quoting at 25990.05, up 1.55% on the day. The volume in the stock stood at 23.93 lakh shares today, compared to the daily average of 65.61 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 335, up 1.47% on the day. RBL Bank Ltd is up 59.3% in last one year as compared to a 4.19% drop in NIFTY and a 4.44% drop in the Nifty Private Bank index.

The PE of the stock is 24.7 based on TTM earnings ending March 26.

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