RBL Bank Ltd
RBLBANK

503.40

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Turnover (lac)
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Day's Vol.(shares)

502.65

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Buy
Reco. Price
Rs 470.70
We recommend BUY based on stability in NPA levels even as the bank continues to grow at a rapid pace. With focus on wholesale business, we expect PAT to grow at 49.6% CAGR over FY16-18E. The stock is currently trading attractive at an FY18E P/BV of 3.9x. (Target Price- Rs 590.)
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50 DMA (.)
421.73
100 DMA (.)
387.54
200 DMA (.)
0.00
Weekly Range (.)
477.50
509.95
Monthly Range (.)
427.25
509.95
52 Weeks Range (.)
274.20
509.95
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