Monday 28 August 2017

RBL Bank Positive Factors Over 3% After Block Deal

The stock of RBL bank advanced over 3% all over early morning alternate on Tuesday, on the BSE after block deal. The stock witnessed 1.9 crore shares change in 2 blocks on the BSE at Rs 515/516 per share.


Block deal is a alternate, with a minimum amount of 5 lakh shares or minimal value of Rs 5 crore, completed via a single transaction, on the unique block deal window.

RBL bank was once trading at Rs 528 per share, up by using Rs 17.35 or  3.40% as at 0922 hours on Tuesday, on the BSE. The stock has hit an intraday high and low of Rs 532.75 and Rs 509 respectively.
The stock attracted a traded quantity of 3,05,519 shares and traded value of Rs 1,551.64 lakh on the NSE. the corporate had hit its 52-week high of Rs 600.90 on may just 3, 2017, and fifty two-week low of Rs 274.20 on August 31, 2016, on the NSE.

RBL bank restricted is a banking firm. The bank is engaged in offering a variety of banking and monetary products and services, including business banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking associated activities.

meanwhile, Nifty was trading at 9,870 stage, down by 42 factors whereas Sensex was trading at 31,622 degree, down with the aid of 128 factors in the morning hours. there were 545 advances, 912 declines and 479 unchanged stocks on NSE reflecting a somewhat poor bias available in the market.

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