RBL Bank approves issue of preferential shares
The purpose of this capital raise is to augment the bank’s tier 1 capital for supporting the future organic growth of business as well as enabling the bank to capitalize on inorganic opportunities and for other general corporate purposes.
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Stock View :-
RBL Bank Ltd is currently trading at Rs 520.5, down by Rs 4.55 or 0.87% from its previous closing of Rs 525.05 on the BSE.
The scrip opened at Rs 514.8 and has touched a high and low of Rs 527.45 and Rs 508.9 respectively. So far 3262526(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 19779.88 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 600 on 03-May-2017 and a 52 week low of Rs 273.7 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs 529.7 and Rs 493.5 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 21.56 % and 78.44 % respectively.
The stock is currently trading below its 50 DMA.
RBL Bank Ltd :-
BSE 522.65 [2.40] ([0.46]%)
NSE 522.45 [2.40] ([0.46]%)