• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
RBL Bank corrects after board OKs fund raising
(15:49, 02 Dec 2019)
RBL Bank's board agreed to allot 2.42 crore shares at Rs 340.70 each to five investors, including Bajaj Finance. Other investors include East Bridge Capital Master Fund I and FEG Mauritius FPI, along with Ward Ferry Management-managed hedge fund WF Asian Reconnaissance Fund and Asia-focused stock hedge fund, lshana Capital, RBL Bank said in an exchange filing.

The development follows RBL Bank's announcement to shareholders at its annual general meeting on 9 July 2019 that it would raise equity capital not exceeding Rs 3,500 crore.

Shares of RBL Bank fell 2.50% in two trading sessions to its current market price of Rs 371.45 from its recent closing high of Rs 381 on Thursday, 28 November 2019.

In the past one month, shares of RBL Bank jumped 19.62% to its current market price of Rs 371.45, outperforming the Nifty Private Bank index's 5.35% rise in the same period.

On the technical front, the stock's RSI (relative strength index) stood at 63.502. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock was currently trading above its 50-day moving average (DMA) placed at Rs 320.51, but below its 200 DMA placed at Rs 509.04.

On a standalone basis, RBL Bank's net profit slumped 73.4% to Rs 54.31 crore on 42.9% surge in total income to Rs 2,567.68 crore in Q2 September 2019 over Q2 September 2018.

RBL Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries