Hold RBL Bank Limited and Balrampur Chini Mills Limited

Hold RBL Bank Limited:

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RBL Bank Ltd has officially announced a consolidated sales of Rs. 1,646.03 Cr for the third quarter finished on 31-12-2020, which is 4.96% up from its previous quarter sales of Rs. 1,731.94 Cr and 9.95% up from its previous year same quarter sales of Rs. 1,827.88 Cr. The company has reported net profit after tax of Rs. 146.88 Cr in the previous quarter.

Outlook:

RBL Bank Ltd: Experts suggested hold call at current market price: Rs. 224.7 with a target price: Rs. 210.

Buy Balrampur Chini Mills Limited:

Balrampur Chini Mills Limited

Balrampur Chini Mills Ltd has officially consolidated sales of Rs. 1,072.17 Cr for the third quarter finished on 31-12-2020, which is 3.17% down from its previous quarter sales of Rs. 1,289.80 Cr and 1.27% down from its previous year same quarter sales of Rs. 1,195.78 Cr. The company has reported a net profit after tax of Rs. -6.67 Cr in the previous quarter.

Outlook:

Balrampur Chini Mills Ltd: Experts suggested buy call at current market price: Rs. 211.9 with a target price: Rs. 285.

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