Time period given by analyst is one year when RBL Bank Ltd. price can reach defined target.
RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 12863.00 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2704.90 Crore, up 2.61 % from last quarter Total Income of Rs 2636.20 Crore and down -2.80 % from last year same quarter Total Income of Rs 2782.77 Crore. The bank reported net profit after tax of Rs 75.74 Crore in latest quarter.
Investment Rationale
RBL Bank holds a healthy positioning as demonstrated by 1) Extension of CEO, Mr. Vishwavir Ahuja, tenure 2) adequate covid provisioning, 3) improved PCR, and 4) healthy liquidity position with LCR of 156%. Furthermore, a healthy capital position (CET 1: 17.1%) post fund raise would provide cushion. Thus, the brokerage recommends a BUY rating on the bank with revised target price of ₹273 (based on 1.2xFY23 Adjusted Book Value).
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 35.2 per cent, DIIs 24.7 per cent and public and others 40.2 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
