Shares of RBL Bank fell over 5 per cent today despite the lender posting Rs 201 crore profit for the quarter ended June 30, 2022. The lender had posted a net loss of Rs 459 crore in the year-ago period. The stock fell 5.69 per cent at Rs 89.55 against the previous close of Rs 94.55 on BSE.
Shares of RBL Bank have tumbled 63 per cent from their 52-week high amid a highly volatile market. RBL Bank stock, which hit a 52-week high of Rs 221.20 on November 10, 2021 is currently trading at Rs 81.10, translating into a decline of 63.31 per cent during the period. The private sector lender's consolidated profit after tax more than doubled to Rs 164.77 crore in the March quarter, mainly due to a low base in the year-ago period.