RBL Bank Ltd. shares gain 8.66% as Sensex rises

Shares of RBL Bank Ltd. traded 8.66 per cent up at Rs 203.2 at 10:31AM (IST) on Wednesday, even as BSE benchmark Sensex gained 212.83 points to 35643.26. The scrip had closed at Rs 187.0 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 662.45 and Rs 101.6, respectively.

As per BSE data, total traded volume on the counter till 10:31AM (IST) stood at 10:31AM shares with turnover at Rs 48.41 crore.


At the current price, shares of the company trades at 19.1 times its trailing 12-month earnings per share of Rs 9.83 per share and 1.06 times its price-to-book value, BSE 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 31-Mar-2020, while FIIs owned 25.53 per cent and DIIs 19.94 per cent.