RBL Bank540065Banking
RBL Bank shares fell sharply despite tripling profit in Q2, as brokerages remained divided on valuation versus strong results
By ScoutQuest · · 1 min read
- Citi target price
- 505 rupees
- IIFL target price
- 475 rupees
- Margin expansion
- 48 basis points
- Expected loan growth FY27
- over 35 percent
- Expected loan growth FY28-FY29
- above 20 percent
Heard on business television between 10:49:19 - 10:52:19 IST.
- RBL Bank profit nearly tripled, with margins improving and asset quality recovering in Q2.
- Citi maintained a buy rating with target price of 505, citing 48 basis point margin expansion, strong operating profit growth and improving credit card stress.
- Citi expects loan growth of over 35% in FY27 and above 20% in FY28 and FY29.
- IIFL also maintained a buy with target of 475, expecting earnings to compound at 30% over FY28-FY29.
- Despite bullish brokerage views, the stock saw a sharp downtick in trade reflecting divergent market opinion on valuation.
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