Investors with high risk appetite should look at the stock of RBL Bank.
August 05, 2021 / 09:08 AM IST
File image: RBL Bank
PRO Only Highlights
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook
While banking stocks are having a great run on bourses, there appears to be a handful of black sheep, and RBL Bank (CMP: Rs 180, Market Cap: Rs 10,796 crore) is certainly one. After suffering a loss in Q1, weighed down by high provisions due to toxic retail assets primarily created by the pandemic, the bank is now embarking on a reset path. Should investors repose faith in the reset journey?
We are not convinced whether RBL Bank is really…