Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo


Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!

Buy RBL Bank: target of Rs 295: Sharekhan

Sharekhan is bullish on RBL Bank has recommended buy rating on the stock with a target price of Rs 295 in its research report dated December 17, 2020.

December 18, 2020 / 01:47 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on RBL Bank

We interacted with RBL Bank’s management, which indicated that while the bank was still cautious on credit quality and growth outlook, it has steady fundamentals by healthy provisions cover and adequate capital buffer, which provides it cushion in the medium term. The bank expects slow traction on business loans, but traction on retail loans is better; falling cost of funds is likely to help maintain NIMs at present levels. RBL Bank currently trades at 1.2x/1.1x its FY2022E/FY2023E book value per share, which is reasonable. We have fine-tuned our estimates and have revised our target multiples.


We recommend a Buy rating on the stock with a PT of Rs. 295.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Dec 18, 2020 01:47 pm

stay updated

Get Daily News on your Browser