Hope to see marginal improvement in NIMs from the current 3.5%. It will be a balance between NIM and growth from here on, said Vishwavir Ahuja, MD & CEO, RBL Bank.
NPAs rise to 0.81 percent from 0.64 percent in previous quarter, while provisions almost double on YoY basis.
Prakash Gaba of prakashgaba.com is of the view that the logical technical target of 9969 is still valid as long as 9792 holds. The crucial support for the Nifty is at 9792-9720 and the resistance is at 9916-9969. Bnak Nifty has support at 24000 and resistance at 24300.
Analysts said if loan growth comes above 35 percent, net interest margin above 3.2 percent and gross non-performing assets below 1.25 percent then that will be positive.
Ashwani Gujral of ashwanigujral.com recommends buying Capital First, Godrej Industries and RBL Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, Indiabulls Housing Finance, Aurobindo Pharma, Capital First and RBL Bank.
According to Prakash Gaba of prakashgaba.com, crucial support to watch would be 9850 and the resistance is at 9916-9969. On the other hand, Bank Nifty has support at 23750 and resistance at 24000-24300.
RBL Bank is well poised to capture growth opportunities and has a great niche in the segment they are present in Renuka Ramnath, Founder & CEO, Multiples Alternate AMC.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Dr Reddy’s Labs and sell Pidilite Industries.
Sharmila Joshi of sharmilajoshi.com is of the view that one may stay with RBL Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can get into Ashok Leyland as the stock may head to Rs 135-140 and also advises buying RIL and RBL Bank.
RBL Bank is likely to raise Rs 1,500-1,700 crore and may dilute nearly 9-10 percent via preferential allotment.
Prakash Gaba of prakashgaba.com likes RBL Bank with target of Rs 525 and Yes Bank with target of Rs 1500.
Vishal Malkan of malkansview.com is of the view that one may buy DCB Bank with a target of Rs 208.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell RBL Bank and The Ramco Cement and buy JSW Steel, Jindal Steel Power and Shipping Corporation of India.
The bank has been able to avoid the problems in power, infra and other sensitive sectors, Vishwavir Ahuja, MD & CEO, RBL Bank.
Mitessh Thakkar of miteshthacker.com is of the view that one can short Indiabulls Housing Finance.
Yogesh Mehta of Motilal Oswal recommends buying RBL Bank, Dewan Housing Finance and Indo Count Industries.
Prakash Gaba of prakashgaba.com is of the view that RBL Bank may climb to Rs 530 and NBCC may test Rs 210.
Manoj Murlidharan of Religare Securities advises buying RBL Bank, Just Dial and BEML.
Mitessh Thakkar of mitesshthakkar.com suggests selling RBL Bank, Zee Entertainment and advises buying Cholamandalam Investment and Dabur India.
Prakash Gaba of prakashgaba.com is of the view that one can buy RBL Bank on dips and advises exiting Vimta Labs at around Rs 130.
Pankaj Jain of SW Capital says that one can avoid RBL Bank at the current level.
Ashwani Gujral of ashwanigujral.com recommends buying BASF India, Tata Communications and Piramal Enterprises.
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