RBRBL Bank540065Banking

RBL Bank shares fell sharply, down about 7%, after Q2 earnings showed mixed results with divergent brokerage views

By ScoutQuest · Tue 13 Oct 2026, 11:41 AM IST · 1 min read

Stock move today

7 percent lower

Citi target price

505 rupees

IIFL target price

475 rupees

CLSA target price

310 rupees

NIM improvement

48 basis points

Heard on business television between 11:44:38 - 11:47:38 IST.

• Profitability nearly tripled year-on-year but missed street expectations.
• Asset quality improved and NIMs rose 48 basis points more than expected despite RBI-related concerns.
• Citi maintained a buy with target of 505, expecting FY27 growth over 35% and FY28-29 growth above 20%, citing margin expansion and improving credit card stress.
• IIFL also bullish with buy rating and target of 475, expecting 30% earnings CAGR over FY26-29 and ROA improving to 1.5% from Q4.
• CLSA and Goldman Sachs were bearish, both with target of 310; CLSA flagged a 15% profit miss due to higher credit costs and said 8-9% medium-term ROE does not justify valuations.
• Profit grew 2.7 times year-on-year but EPS grew only 7%, reflecting dilution from a recent capital raise.
• Stock fell to near day's low, the top loser on the Nifty 500 index.

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