RBL Bank shares jump over 5% on Q4 business update

The bank's gross advances for the quarter amounted to Rs 85,640 crore, marking a 19% YoY increase and a 5% quarter-on-quarter (QoQ) rise. Meanwhile, retail advances saw a 29% YoY growth, while wholesale advances grew by 7% YoY for the quarter. Within the wholesale segment, commercial banking experienced a 17% YoY growth. The proportion of retail to wholesale advances was roughly 58:42.

Its CASA ratio (provisional) in Q4 FY25 stood at 35.2% compared to 37.4% in Q3 FY24.

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At 11.06 am, the scrip was trading 1% higher at Rs 255. In the last one year, the stock has risen over 80%, while on a year-to-date basis, it has declined over 10%.

As per Trendlyne data, the average target price of the stock is Rs 268, which shows an upside of 5% from the current market prices. The consensus recommendation from 18 analysts for the stock is a 'Hold'.

In terms of technicals, the relative strength index (RSI) of the stock stands at 54.7, signalling it's neither trading in the overbought nor the oversold territory. MACD is at -5.4, which is below its center line, this is a bearish indicator.

RBL Bank stock stood higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 150-day and 200-day simple moving averages (SMAs) while trading below 100-day SMA.

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