iStockIndia's largest brokerage Zerodha bought a 1.26% stake in private lender , which has more than doubled investors' money in the last six months. At the end of the December quarter, Zerodha, owned by the billionaire Kamath brothers, held 75,53,944 equity shares of the smallcap bank.
The net valuation of Zerodha's holding in the bank is around Rs 137.2 crore from the current market price.
The stock, which was trading higher by 0.5% on Wednesday, has given a multibagger return of 109% to its investors in the last six months. However, the stock has fallen about 66% in the last five years.
(2.09%), Tata Mutual Fund (2.47%), Nippon Life India (3.95%) (3.28%), Vanguard (1.02%), Asian Development Bank (2.39%) and other foreign banks also have a stake in RBL Bank.
The stock, trading higher by 0.5% on Wednesday, has given a multibagger return of 109% to investors in the last six months. However, the stock has fallen about 66% in the last five years.
HDFC AMC (2.09%), Tata Mutual Fund (2.47%), Nippon Life India (3.95%), ICICI Prudential Life Insurance Company (3.28%), Vanguard (1.02%), Asian Development Bank (2.39%) and other foreign banks also have a stake in RBL Bank.
Apart from RBL Bank, Zerodha also has stakes in , PVR, and BSE.
In the fiscal year 2022 (FY22), the stock brokerage firm Zerodha’s net profit increased 87% to Rs 2,094.3 crore from Rs 1,122.3 crore in FY21, while operating revenue jumped to Rs 4,963.7 crore from Rs 2,728.9 crore in the same period, according to its audited financial statement filed with the Ministry of Corporate Affairs (MCA).
Overall income stood at Rs 4,964 crore for FY22. Expenses grew by almost 72% to Rs 2,164 crore in FY22, from Rs 1,260.1 crore in FY21.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The net valuation of Zerodha's holding in the bank is around Rs 137.2 crore from the current market price.
The stock, which was trading higher by 0.5% on Wednesday, has given a multibagger return of 109% to its investors in the last six months. However, the stock has fallen about 66% in the last five years.
(2.09%), Tata Mutual Fund (2.47%), Nippon Life India (3.95%) (3.28%), Vanguard (1.02%), Asian Development Bank (2.39%) and other foreign banks also have a stake in RBL Bank.
The stock, trading higher by 0.5% on Wednesday, has given a multibagger return of 109% to investors in the last six months. However, the stock has fallen about 66% in the last five years.
HDFC AMC (2.09%), Tata Mutual Fund (2.47%), Nippon Life India (3.95%), ICICI Prudential Life Insurance Company (3.28%), Vanguard (1.02%), Asian Development Bank (2.39%) and other foreign banks also have a stake in RBL Bank.
Apart from RBL Bank, Zerodha also has stakes in , PVR, and BSE.
In the fiscal year 2022 (FY22), the stock brokerage firm Zerodha’s net profit increased 87% to Rs 2,094.3 crore from Rs 1,122.3 crore in FY21, while operating revenue jumped to Rs 4,963.7 crore from Rs 2,728.9 crore in the same period, according to its audited financial statement filed with the Ministry of Corporate Affairs (MCA).
Overall income stood at Rs 4,964 crore for FY22. Expenses grew by almost 72% to Rs 2,164 crore in FY22, from Rs 1,260.1 crore in FY21.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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