BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Angel Broking initiates RBL Bank with accumulate
Angel Bank has initiated coverage on RBL Bank with "accumulate" rating. RBL Bank stock is currently valued at 2.3 times its FY18 estimated book value of Rs 130, which we feel is quite attractive given the growth prospects. Changing business mix and stable credit cost are expected to lead to a predictable earnings growth.