Sell RBL Bank, target Rs 480: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on RBL Bank Ltd. with a target price of Rs 480.0 . The current market price of RBL Bank Ltd. is Rs 531.55 Time period given by the analyst is Intra Day when RBL Bank Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 556. RBL Bank Ltd., incorporated in 1943, is a banking company with a market cap of Rs 22553.64 crore.
RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3430.90 Crore to Sales Value (76.11 % of Total Sales), Income From Investment which contributed Rs 998.17 Crore to Sales Value (22.14 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 70.15 Crore to Sales Value (1.55 % of Total Sales) and Interest which contributed Rs 8.35 Crore to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 595.94 Crore (1.40 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 315.77 Crore (.75% of total assets). For the quarter ended 30-06-2018, the company has reported a Standalone Interest Income of Rs 1077.40 Crore, up 13.11 % from last quarter Interest Income of Rs 952.50 Crore and up 39.75 % from last year same quarter Interest Income of Rs 770.94 Crore. The bank has reported net profit after tax of Rs 190.04 Crore in latest quarter.
RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3430.90 Crore to Sales Value (76.11 % of Total Sales), Income From Investment which contributed Rs 998.17 Crore to Sales Value (22.14 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 70.15 Crore to Sales Value (1.55 % of Total Sales) and Interest which contributed Rs 8.35 Crore to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 595.94 Crore (1.40 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 315.77 Crore (.75% of total assets). For the quarter ended 30-06-2018, the company has reported a Standalone Interest Income of Rs 1077.40 Crore, up 13.11 % from last quarter Interest Income of Rs 952.50 Crore and up 39.75 % from last year same quarter Interest Income of Rs 770.94 Crore. The bank has reported net profit after tax of Rs 190.04 Crore in latest quarter.
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