RBL Bank shares surged on July 1st: Stock Market Update

RBL Bank shares surged on July 1st: Stock Market Update

RBL Bank shares surged on July 1st: Stock Market Update

New Delhi: To begin with, the shares of RBL Bank have surged in the morning trade today. The share price hit a high of Rs. 175.40 by over 1.15% in the trade. So then, the scrip settled at Rs. 173.40 in the previous session. 

Also, the stock quoted at the 52-week highest value of Rs. 662.45. As well as it hit a 52-week lowest value of Rs. 101.60 in the trade so far.

On the other hand, the total traded volume on the counter turned over around Rs. 11.92 crores of shares in the session.

Significantly, the stock trades stood at 17.93 times its trailing 12-month EPS of Rs. 9.83 per eq. share. Certainly, its price-to-book ratio stood at 1.00.

Besides, by the end of March 2020, the promoters of the company held 0.0% of its stake. Furthermore, the FIIs held a 25.53% stake and DIIs held a 19.94% stake.

Stock Market Update: 

Stock Market on July 1st: On Wednesday, both Sensex and Nifty seem to trade with a bullish trend in the stock market. The Sensex stood trading high with 35,124.42 levels. Thereby, Nifty stood trading up with 10,364.75 levels. The Sensex gained 208.85 points with a 0.61% rise. So then, the Nifty has gained 53.65 points with a 0.53% rise.

On the other hand, the number of confirmed COVID-19 cases in India reached 5,85,493 as of July 1st, and deaths reached 17,400.

In the border market, the S&P BSE Midcap index lost 8.50 points with a 0.068% drop and reached a 13,048.02 level. The S&P BSE Smallcap index gained 38.05 points with a 0.29% rise and reached a 12,416.86 level. So then, the Nifty Bank also gained 296.55 points with a 1.39% rise and reached 21,671.35 level.

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