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Sell RBL Bank, price target Rs 305 Shubham Aggarwal

The analyst suggested a stoploss at Rs 335 .

ETMarkets.com|
Last Updated: Jan 31, 2020, 09.36 AM IST
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Shubham Aggarwal of Quantsapp Advisory has a sell call on RBL Bank Ltd. with a target price of Rs 305.0 . The current price of RBL Bank Ltd. is Rs 324.35 Time period given by the analyst is Intra Day when RBL Bank Ltd. price can reach defined target. . Shubham Aggarwal recommended to keep a stoploss at Rs 335 .

RBL Bank Ltd., incorporated in 1943, has a market cap of Rs 16366.48 crore.

RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 5049.83 Crore to Sales Value (80.14 % of Total Sales), Income From Investment which contributed Rs 1093.44 Crore to Sales Value (17.35 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 111.24 Crore to Sales Value (1.76 % of Total Sales) and Interest which contributed Rs 46.20 Crore to Sales Value (0.73 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 2010.48 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1236.41 Crore (.00% of total assets).

For the quarter ended 31-12-2019, the company has reported a Consolidated Interest Income of Rs 1827.88 Crore, up 2.43 % from last quarter Interest Income of Rs 1784.52 Crore and up 37.39 % from last year same quarter Interest Income of Rs 1330.41 Crore. The bank has reported net profit after tax of Rs 66.49 Crore in latest quarter.

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