RBL Bank Ltd. shares drop 0.49% as Sensex rises

Shares of RBL Bank Ltd. traded 0.49 per cent down at Rs 184.45 at 12:00PM (IST) on Wednesday, even as BSE benchmark Sensex gained 42.97 points to 39087.32. The stock had settled at Rs 185.35 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 413.65 and Rs 101.6, respectively.

As per BSE data, total traded volume on the counter till 12:00PM (IST) stood at 12:00PM shares with turnover at Rs 11.61 crore.


At the prevailing price, the stock trades at 24.08 times its trailing 12-month EPS of Rs 7.65 per share and 0.65 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.5.

Shareholding Details
Promoters held 0.0 per cent stake in the company as of 30-Jun-2020, while FIIs owned 29.28 per cent and DIIs 12.26 per cent.