• Sensex   40477.31   32.16  sensex_up_arr
  • Nifty   11946.55   25.05   sensex_up_arr
  • Bank Nifty   31390.60   0.16   sensex_up_arr
  • BSE Midcap   14712.60   0.31  sensex_up_arr
  • USDINR   71.25   -0.18   sensex_dwn_arr
logo
PRAVIN RATILAL SHARE
AND STOCK BROKERS LTD
Member :    NSE   |   BSE   |   DP : NSDL
Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
RBL Bank corrects after board OKs fund raising
(15:49, 02 Dec 2019)
RBL Bank's board agreed to allot 2.42 crore shares at Rs 340.70 each to five investors, including Bajaj Finance. Other investors include East Bridge Capital Master Fund I and FEG Mauritius FPI, along with Ward Ferry Management-managed hedge fund WF Asian Reconnaissance Fund and Asia-focused stock hedge fund, lshana Capital, RBL Bank said in an exchange filing.

The development follows RBL Bank's announcement to shareholders at its annual general meeting on 9 July 2019 that it would raise equity capital not exceeding Rs 3,500 crore.

Shares of RBL Bank fell 2.50% in two trading sessions to its current market price of Rs 371.45 from its recent closing high of Rs 381 on Thursday, 28 November 2019.

In the past one month, shares of RBL Bank jumped 19.62% to its current market price of Rs 371.45, outperforming the Nifty Private Bank index's 5.35% rise in the same period.

On the technical front, the stock's RSI (relative strength index) stood at 63.502. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock was currently trading above its 50-day moving average (DMA) placed at Rs 320.51, but below its 200 DMA placed at Rs 509.04.

On a standalone basis, RBL Bank's net profit slumped 73.4% to Rs 54.31 crore on 42.9% surge in total income to Rs 2,567.68 crore in Q2 September 2019 over Q2 September 2018.

RBL Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     373.55   Up   7.40 (2.02%)   Asian Paints Ltd     1,719.25   Up   2.60 (0.15%)   Axis Bank Ltd     726.00   Up   8.40 (1.17%)   Bajaj Auto Ltd     3,229.15   Up   23.05 (0.72%)   Bajaj Finance Ltd     3,940.20   Down   -11.45 (-0.29%)   Bajaj Finserv Ltd     8,945.00   Up   91.90 (1.04%)   Bharat Petroleum Corporation Ltd     496.35   Up   7.85 (1.61%)   Bharti Airtel Ltd     446.95   Up   2.10 (0.47%)   Bharti Infratel Ltd     260.25   Up   0.55 (0.21%)   Britannia Industries Ltd     3,057.40   Down   -12.20 (-0.40%)   Cipla Ltd     447.15   Down   -8.30 (-1.82%)   Coal India Ltd     193.15   Up   1.15 (0.60%)   Dr Reddys Laboratories Ltd     2,919.95   Up   29.15 (1.01%)   Eicher Motors Ltd     20,937.80   Up   17.80 (0.09%)   GAIL (India) Ltd     116.10   Down   -1.05 (-0.90%)   Grasim Industries Ltd     768.05   Up   0.05 (0.01%)   HCL Technologies Ltd     551.80   Down   -8.50 (-1.52%)   HDFC Bank Ltd     1,241.80   Down   -4.25 (-0.34%)   Hero Honda Motors Ltd     2,385.25   Up   23.05 (0.98%)   Hindalco Industries Ltd     198.80   Up   0.85 (0.43%)   Hindustan Unilever Ltd     2,000.45   Down   -25.60 (-1.26%)   Housing Development Finance Corporation Ltd     2,301.95   Up   37.30 (1.65%)   ICICI Bank Ltd     527.60   Up   2.80 (0.53%)   Indian Oil Corporation Ltd     125.80   Up   1.40 (1.13%)   IndusInd Bank Ltd     1,462.00   Down   -3.85 (-0.26%)   Infosys Technologies Ltd     718.15   Up   3.05 (0.43%)   ITC Ltd     241.60   Down   -1.75 (-0.72%)   JSW Steel Ltd     255.50   Up   1.40 (0.55%)   Kotak Mahindra Bank Ltd     1,665.60   Down   -8.70 (-0.52%)   Larsen & Toubro Ltd     1,285.95   Down   -4.85 (-0.38%)   Mahindra & Mahindra Ltd     513.90   Up   3.70 (0.73%)   Maruti Suzuki India Ltd     6,981.95   Up   95.25 (1.38%)   Nestle India Ltd     14,025.00   Down   -141.30 (-1.00%)   NIFTY (S&P CNX)     11,946.55   Up   25.05 (0.21%)   NTPC Ltd     112.20   Down   -0.45 (-0.40%)   Oil & Natural Gas Corpn Ltd     127.35   Up   0.80 (0.63%)   Power Grid Corporation of India Ltd     188.30   Up   1.70 (0.91%)   Reliance Industries Ltd     1,569.85   Up   14.95 (0.96%)   State Bank of India     322.55   Up   2.55 (0.80%)   Sun Pharmaceuticals Industries Ltd     426.80   Down   -1.80 (-0.42%)   Tata Consultancy Services Ltd     2,074.55   Down   -49.05 (-2.31%)   Tata Motors Ltd     163.30   Up   1.80 (1.11%)   Tata Steel Ltd     407.65   Up   4.40 (1.09%)   Tech Mahindra Ltd     751.50   Down   -6.00 (-0.79%)   Titan Company Ltd     1,181.05   Up   9.05 (0.77%)   UltraTech Cement Ltd     4,162.00   Up   4.15 (0.10%)   UPL Ltd     572.25   Up   10.55 (1.88%)   Vedanta Ltd     142.80   Up   0.85 (0.60%)   Wipro Ltd     239.85   Down   -1.15 (-0.48%)   Yes Bank Ltd     56.75   Up   0.75 (1.34%)   Zee Entertainment Enterprises Ltd     291.40   Up   3.70 (1.29%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?