RBL Bank may take a breather

Caution after 77% run-up this year

Hamsini Karthik 

Despite encouraging March quarter (Q4) results, RBL Bank's stock didn't react much to the numbers, rising only half a per cent on Wednesday's trade. Despite strong results that came after market hours on Tuesday, analysts are turning cautious, given the 77 per cent rise in stock price this year, and one-year gain of 160 per cent. "Though we remain positive on RBL Bank, a large part of the growth story is well captured in current valuations. So, upside can be limited," says a local analyst reviewing his 'buy' recommendation for the stock. Kotak ...

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RBL Bank may take a breather

Caution after 77% run-up this year

Caution after 77% run-up this year Despite encouraging March quarter (Q4) results, RBL Bank's stock didn't react much to the numbers, rising only half a per cent on Wednesday's trade. Despite strong results that came after market hours on Tuesday, analysts are turning cautious, given the 77 per cent rise in stock price this year, and one-year gain of 160 per cent. "Though we remain positive on RBL Bank, a large part of the growth story is well captured in current valuations. So, upside can be limited," says a local analyst reviewing his 'buy' recommendation for the stock. Kotak ... image
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