RBL Bank share price today: RBL Bank shares climbed 5.67 per cent to hit a high of Rs 284.20 on BSE. RBL Bank in a filing to BSE said the RBI has given its approval to ICICI Pru AMC Ltd and ICICI Pru Life to acquire the stake within one year.
RBL Bank has recently experienced a robust breakout from the consolidation zone between Rs 258-210, accompanied by a strong bullish candle, indicating a continuation of medium term uptrend.
The problem with PE ratio is that it not only creates a mirage in terms of buying of a stock. But even selling stocks just because P/E is high is also something which leads to selling wealth creators early and then regretting or buying them at a point when they are expensive in real terms. So it is better to use peg ratio, which comes with its own challenges, which are still worth taking.
Unsecured loans make up 100 percent of SBI Card’s AUM and 31.8 percent of the total loans issued by RBL Bank. The two companies will bear the heaviest impact of the RBI’s move