Buy RBL Bank Ltd. target Rs 390 : Rajesh Agarwal

Rajesh Agarwal of AUM Capital has Buy call on RBL Bank Ltd. with a target price of Rs 390 .The current market price of RBL Bank Ltd. is 340.45 Time period given by analyst is Half-yearly when RBL Bank Ltd. price can reach defined target. With a diversified loan portfolio, RBL is our choice. Even the CAR, capital adequacy ratio, is 14.55 which is well above their stimulated norms. At 2.5 times price to book value FY18, we feel that the stock looks attractive.