/ Ways2Capital : RBL Bank Gains Over 3%, Post Merger Speculation ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 27 February 2017

The stocks of RBL Bank  surged over 3% owing to the speculation that the bank is in talks for a merger with Bharat Financial Inclusion. IndusInd Bank was believed to be in talks with Bharat Financial and the talks were going on for the valuation of the deal. In the last six months the stock of RBL has given a return of 34%. Motilal Oswal Mutual Fund, SBI Mutual Fund and Reliance Mutual Fund are the top three fund houses which have invested in the stock of the company.

RBL Bank Ltd is closed at Rs 470, up by Rs 13.15 or 2.88% from its previous closing of Rs 456.85 on the BSE. The scrip opened at Rs 457.05 and has touched a high and low of Rs 487.7 and Rs 457.05 respectively. So far 7147562(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 17091.02 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 474.6 on 23-Feb-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 474.6 and Rs 413.5 respectively.       The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 21.69 % and 78.31 % respectively. 

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