Shares of private sector giants RBL Bank and DCB Bank Ltd are in high demand. The stocks of both the banks have seen a rise in the last few days. On Thursday, the fourth day of the week, shares of RBL Bank opened at ₹268.35 and rose nearly one percent to touch an intraday high of ₹269.55. Shares of RBL Bank rose 0.32 percent to close at ₹267 on the BSE. RBL Bank has returned 5.9 percent to investors in one month, while the return in the last one year has reached 55.33 percent.
As for DCB Bank, the stock opened at ₹140.15 and touched an intraday high of ₹144 against a 52-week high of ₹163.40 on the BSE, up 2.74 percent. Shares of DCB Bank rose 4.25 percent to close at ₹143.40 on the BSE. DCB Bank has returned 8.78 percent to investors in one month and 20.48 percent in the last three months. According to Trendline data, DCB Bank’s return in the last one year has reached 21.45 percent.
What the experts say
According to local brokerage firm Religare Broking, RBL Bank has been in a bullish position for two years. We believe the stock will continue to rise. The brokerage has maintained ‘Buy’ rating on RBL Bank with a target price of ₹290 in the one-month range of ₹264-₹268.
DCB Bank has seen a good improvement in loan growth after witnessing a sluggish trend during FY20-22. Shifting the bank’s loan mix towards retail lending has not only protected its margins but also led to steady and profitable growth. The bank has invested significantly in the business and is well positioned to maintain a healthy growth rate.