Share Market News: On October 21, 2024, the market showed a positive sentiment before just 9:15. After 9:15 it lifted upside but started falling after a few minutes. Where Tejas Networks shares open with an upper circuit, some other companies’ shares also get very positive move.
This date is a result day for many companies and hence the RBL bank’s quarter result is also today. After the result was announced, the company’s share price started going down. Today’s sentiment was not good for Nifty and Bank Nifty too. Nifty closes at 0.29% loss while Bank Nifty also closes at the red- at 0.25% down.
Like other days, the market was good for some stocks while for some stocks it was very cruel. Some company’s shares fall more than 10%. So the same happens with the RBL Banks Share- it is closed at a very low, at 14.19% down.
Read: This Tyre Stock has Gained 14%+ in a Week, Time to Add It?
RBL Banks Quarter 2 Result
The reason for the slump of 14 percent in share price is the result the company posted today (Monday 21 October). The company has posted that the net profit declined in the September quarter to Rs 223 crore which is 24 percent- on asset quality challenges emanating from credit card and microlending books.
After the result, the company’s share slumped and closed by 14 percent and made a new record that is 52 weeks low.
RBL Bank Share News Today
After slipping 14%, the share price of the company is 176.14 which is 52 weeks low. Investors can see an opportunity to invest now but the price can slip more on tomorrow or upcoming days.
The share of the company opened at 193 and closed at 176. The total traded volume was more than 6Cr with a total tarded value of 1125 Cr. This shows that there was heavy selling of the shares.
Company’s Fundamental
However, the share of the bank is at its 52-week low, company has great fundamentals. Let’s see:
| Market Capital | 12485 Cr |
| ROE | 8.03% |
| P/E Ratio (TTM) | 9.63 |
| EPS (TTM) | 21.25 |
| P/B Ratio | 0.84 |
| Dividend Yield | 0.73% |
| Industry P/E | 13.68 |
| Book Value | 244.20 |
| Debt to Equity | NA |
| Face Value | 10 |
Is it the right time to Invest?
Well, we don’t encourage any type of selling or buying as we are not any registered body or firm. We are only the Share Market news provider. However, investors are taking it as an opportunity but some are assuming more fall in the price, tomorrow or the next day of tomorrow.
Disclaimer: We do not suggest to buy or sell any stock as we are not any registered body. The information provided in this news is for informational purposes only and should not be considered as financial or investment advice. The above article is only for information purposes.