INSUBCONTINENT EXCLUSIVE:
ICICI Securities has buy call on RBL Bank Ltd
with a target price of Rs 780
The current market price of RBL Bank Ltd
Time period given by the brokerage is a year when RBL Bank Ltd
price can reach defined target
RBL Bank Ltd., incorporated in 1943, is a banking company with a market cap of Rs 23297.69 crore
Investment rationale by ICICI SecuritiesInvesting in a high-growth stock like RBL Bank (RBL) at a time when system loan growth is near
opportunity presented by the space being vacated by several PSU banks, and 3) the considerable opportunity for RBL to improve its RoA to
We do not see too many similar instances of small, well-run, high-growth private banks with reasonable assurance of improving RoA
Hence, we initiate coverage on RBL with a BUY rating and a target price of Rs780, implying a robust upside of 45%.
