Latest news with #RBLBank
Business Standard
4 days ago
- Business
- Business Standard
RBL Bank allots 1.59 lakh equity shares under ESOP
RBL Bank has allotted 1,59,590 equity shares of face value of Rs. 10/- each to eligible employees of the Bank on 29 May 2025, pursuant to the exercise of the vested stock options by them, under the ESOP Scheme(s) of the Bank. Consequent to the above allotment, the paid-up share capital of the Bank has increased from 60,87,53,709 equity shares of Rs. 10 each aggregating to Rs. 608,75,37,090 to 60,89,13,299 equity shares of Rs. 10 each aggregating to Rs. 608,91,32,990.
Economic Times
4 days ago
- Automotive
- Economic Times
CA Rudramurthy BV on crucial Nifty levels to watch; 2 stocks to buy
CA Rudramurthy BV, MD, Vachana Investments, says the crucial level to watch in Nifty is 24,500 which is a very strong support and on the higher side, 25,200 is acting as resistance. Tata Motors looks very strong. The stock has given a clear breakout above 700 zone and is showing patterns of accumulation. Rudramurthy said he would be buying Tata Motors stock available in Futures, look at initial target of Rs 780- 800 and keep a stop loss of Rs 700 on closing basis. RBL Bank is another stock which looks very strong at Rs 180-190, a lot of strong hands have accumulated the stock. Rs 250 will be my initial target, stock available in Futures. One can go long and have a stop loss of Rs 200 for RBL Bank. So, he has a buy on Tata Motor and on RBL Bank. I remember your super bullish stance on the benchmark indices in the month gone by. But before we start the new series, give us some sense of how the data is shaping up and what is your outlook. CA Rudramurthy BV: My very bullish stance worked out. You saw a thousand point move in Nifty in no time. I am now being very cautious for a very short time. Let me tell you why. If you see the market has repeatedly tested, in fact five times, it has tested the 25,100 to 25,200 level on Nifty Future and for some time it is hard now for markets to break that level. So, having seen this big 1,200 points recovery, we were at levels closer to the 23,900 when we had the geopolitical tension, India-Pakistan – the escalations and de-escalations which were happening around and I was putting that bold call that yes, market will go to 25,000 + and we saw markets going there. Now, for me the crucial level to watch in Nifty is 24,500 which is a very strong support and on the higher side, 25,200 is acting as resistance. So, give that 100 points plus or minus, and around 25,400, 25,500, you have a strong support and resistance is at 25,100, 25,200. I feel the market will now see some amount of time-wise consolidation and for a medium to longer time frame, more the time we spend in this range, it is good and healthy for a longer time frame. Similarly, if you see Bank Nifty, strong support is at 54,700 and multiple times we have seen resistance at 56,000. For me, Bank Nifty is in that range of 54,700-56,000 and Nifty is in that range of 24,400 to 25,200. Markets will be more sector specific and stock specific and it will spend some time in this range which is good for a longer time frame. You were just mentioning that the market is soon going to be a sector specific as well as stock specific market. So, talking about sectors, do you see any sectoral churns at play at this point in time? Which sectors do you feel are showing momentum on the charts? CA Rudramurthy BV: Earlier I was very bullish on private banks and you had a lot of valuation comfort and these stocks did well even during that October to March period last year when markets were not doing well whether it was HDFC Bank, ICICI Bank and you have already seen the move and I was very bullish, super bullish, on private bank. Even now, if you have a larger time frame of at least one year plus, I will still say private banks will be my top pick. Financials will do good. Look at HDFC Bank, look at ICICI Bank, even at current market price, there is still value left. However, if I have to look at even margin of safety and at current market price, if I have to buy some stocks, yes, I will look at technology, IT as a sector, look at charts of Wipro, look at even stocks like Tech Mahindra, Coforge, you have to be very stock specific and selective even within the IT basket. So, for me, it is a choice. Look at Wipro, look at Tech Mahindra, look at Coforge, they all look very good and at current market price the margin of safety is very good to enter at current market price and hold on and you will make good money in it and specifically in stocks like Tech Mahindra, Wipro, and Coforge which I like a lot. For me, even PSU as a theme has more comfort at current market price. So, if you have to select from PSUs, for me defence is a must area where one has to have a portfolio there and in your portfolio you cannot miss stocks like HAL, you cannot miss stocks like BEL, so defence for me is another area from PSU basket which will do very good. You can even pick stocks from railway, shipping whether it is Cochin Shipyard or Mazagon Dock or even from rail if you have to pick stocks you have RVNL, you have stocks like IRCTC also so which can do good. Titagarh Wagon is another great stock. So, you have to be in PSUs right now. Whether you want to pick from defence stocks like HAL, BEL, shipping, or railway, these will do good. And even for me power as a theme, as a sector can do good. And even there if you want to pick up stocks from PSU, matter of choice, you can even look at charts of PFC and REC looking very-very attractive at current market price. These power finance companies can do good and even if you see charts of NTPC, charts of Tata Power, Power Grid they all look very-very good at current market price. So, I will be very sector specific and stock specific at current market price and for me even stock like IndiGo, you should not miss. After this promoter stake sale, IndiGo is available to you today closer to that 5,200, 5,300 level, mouthwatering price to buy IndiGo at current market price. Similarly, for me, Paytm is another stock specific call at current market price. Concor is another PSU which you can pick and have in your basket. So, a lot of ideas I am giving are both sector specific and stock specific. They all look very good to me. But specifically, if you can highlight two counters which are the tradable ideas right now with the stop losses and the target price as well. CA Rudramurthy BV: For me, Tata Motors looks very strong. The stock has given a clear breakout above 700 zone and it is showing patterns of accumulation. I will be buying Tata Motors stock available in future, look at initial target of 780 to 800 and keep a stop loss of 700 on closing basis. RBL Bank is another stock which looks very strong, 180, 190, a lot of strong hands have accumulated the stock. 250 will be my initial target, stock available in futures, one can definitely go long and have a stop loss of 200 for RBL Bank. So, a buy on Tata Motor and on RBL Bank.
Time of India
4 days ago
- Automotive
- Time of India
CA Rudramurthy BV on crucial Nifty levels to watch; 2 stocks to buy
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads , MD,says the crucial level to watch in Nifty is 24,500 which is a very strong support and on the higher side, 25,200 is acting as resistance. Tata Motors looks very strong. The stock has given a clear breakout above 700 zone and is showing patterns of accumulation. Rudramurthy said he would be buying Tata Motors stock available in Futures, look at initial target of Rs 780- 800 and keep a stop loss of Rs 700 on closing basis. RBL Bank is another stock which looks very strong at Rs 180-190, a lot of strong hands have accumulated the stock. Rs 250 will be my initial target, stock available in Futures. One can go long and have a stop loss of Rs 200 for RBL Bank. So, he has a buy on Tata Motor and on RBL very bullish stance worked out. You saw a thousand point move in Nifty in no time. I am now being very cautious for a very short time. Let me tell you why. If you see the market has repeatedly tested, in fact five times, it has tested the 25,100 to 25,200 level on Nifty Future and for some time it is hard now for markets to break that level. So, having seen this big 1,200 points recovery, we were at levels closer to the 23,900 when we had the geopolitical tension, India-Pakistan – the escalations and de-escalations which were happening around and I was putting that bold call that yes, market will go to 25,000 + and we saw markets going for me the crucial level to watch in Nifty is 24,500 which is a very strong support and on the higher side, 25,200 is acting as resistance. So, give that 100 points plus or minus, and around 25,400, 25,500, you have a strong support and resistance is at 25,100, 25,200. I feel the market will now see some amount of time-wise consolidation and for a medium to longer time frame, more the time we spend in this range, it is good and healthy for a longer time if you see Bank Nifty, strong support is at 54,700 and multiple times we have seen resistance at 56,000. For me, Bank Nifty is in that range of 54,700-56,000 and Nifty is in that range of 24,400 to 25,200. Markets will be more sector specific and stock specific and it will spend some time in this range which is good for a longer time I was very bullish on private banks and you had a lot of valuation comfort and these stocks did well even during that October to March period last year when markets were not doing well whether it was HDFC Bank, ICICI Bank and you have already seen the move and I was very bullish, super bullish, on private now, if you have a larger time frame of at least one year plus, I will still say private banks will be my top pick. Financials will do good. Look at HDFC Bank, look at ICICI Bank, even at current market price, there is still value left. However, if I have to look at even margin of safety and at current market price, if I have to buy some stocks, yes, I will look at technology, IT as a sector, look at charts of Wipro, look at even stocks like Tech Mahindra, Coforge, you have to be very stock specific and selective even within the IT basket. So, for me, it is a at Wipro, look at Tech Mahindra, look at Coforge, they all look very good and at current market price the margin of safety is very good to enter at current market price and hold on and you will make good money in it and specifically in stocks like Tech Mahindra, Wipro, and Coforge which I like a me, even PSU as a theme has more comfort at current market price. So, if you have to select from PSUs, for me defence is a must area where one has to have a portfolio there and in your portfolio you cannot miss stocks like HAL, you cannot miss stocks like BEL, so defence for me is another area from PSU basket which will do very can even pick stocks from railway, shipping whether it is Cochin Shipyard or Mazagon Dock or even from rail if you have to pick stocks you have RVNL, you have stocks like IRCTC also so which can do good. Titagarh Wagon is another great stock. So, you have to be in PSUs right now. Whether you want to pick from defence stocks like HAL, BEL, shipping, or railway, these will do good. And even for me power as a theme, as a sector can do good. And even there if you want to pick up stocks from PSU, matter of choice, you can even look at charts of PFC and REC looking very-very attractive at current market power finance companies can do good and even if you see charts of NTPC, charts of Tata Power, Power Grid they all look very-very good at current market price. So, I will be very sector specific and stock specific at current market price and for me even stock like IndiGo, you should not miss. After this promoter stake sale, IndiGo is available to you today closer to that 5,200, 5,300 level, mouthwatering price to buy IndiGo at current market for me, Paytm is another stock specific call at current market price. Concor is another PSU which you can pick and have in your basket. So, a lot of ideas I am giving are both sector specific and stock specific. They all look very good to me.: For me, Tata Motors looks very strong. The stock has given a clear breakout above 700 zone and it is showing patterns of accumulation. I will be buying Tata Motors stock available in future, look at initial target of 780 to 800 and keep a stop loss of 700 on closing basis. RBL Bank is another stock which looks very strong, 180, 190, a lot of strong hands have accumulated the stock. 250 will be my initial target, stock available in futures, one can definitely go long and have a stop loss of 200 for RBL Bank. So, a buy on Tata Motor and on RBL Bank.
Business Standard
5 days ago
- Business
- Business Standard
Stock Alert: LIC, Bharat Dynamics, JK Lakshmi Cement, NMDC, DCX Systems
Securities in F&O Ban: RBL Bank shares are banned from F&O trading on 28 May 2025. Upcoming Results: 3M India, Avanti Feeds, Bata India, Birlasoft, Cummins India, Deepak Nitrite, Elgi Equipments, EMS, FDC, Finolex Cables, Granules India, Heidelberg Cement India, Hinduja Global Solutions, Indian Railway Catering And Tourism Corporation, Jindal Worldwide, JSW Holdings, Juniper Hotels, Natco Pharma will declare their results later today. Stocks to Watch: Life Insurance Corporation of India (LIC) reported 38.1% jump in consolidated net profit to Rs 19,038.67 crore, despite a 3.6% decline in total income to Rs 2,44,088.33 crore in Q4 FY25 over Q4 FY24. JK Lakshmi Cements consolidated net profit jumped 13.9% to Rs 183.54 crore on 6.6% increase in net sales to Rs 1,897.62 crore in Q4 FY25 over Q4 FY24. Bharat Dynamics reported 5.5% decline in consolidated net profit to Rs 272.77 crore in Q4 FY25 as compared with Rs 288.78 crore in Q4 FY24. Net sales surged 112.2% YoY to Rs 1,800.55 crore in Q4 FY25. NMDCs consolidated net profit increased 4.6% to Rs 1,477.68 crore on 7.9% rise in net sales to Rs 7,004.59 crore in Q4 FY25 over Q4 FY24. DCX Systems reported a 37.2% decline in consolidated net profit to Rs 20.70 crore on 26.3% fall in net sales to Rs 549.96 crore in Q4 FY25 over Q4 FY24.
Mint
6 days ago
- Business
- Mint
Top 6 IRCTC credit cards for frequent train travel: Rewards, discounts and more
Do you travel frequently on trains? Then, co-branded credit cards offered by IRCTC (Indian Railway Catering and Tourism Corporation) in association with banks will be an ideal choice for booking tickets. IRCTC has joined hands with HDFC Bank, State Bank of India, Bank of Baroda and RBL Bank for co-branded cards, which offer a host of benefits for frequent train travellers. IRCTC's loyalty scheme allows you to earn 'Travel Points' whenever you book tickets using these co-branded credit cards on the IRCTC e-ticketing portal. These points can be redeemed while booking train tickets. A loyalty user can earn partner points on the purchase of other goods and services. Here are the features and benefits provided by these credit cards. Joining/Renewal Fee of ₹ 500 Welcome gift voucher worth ₹ 500 on card activation within first 37 days of card issuance Five reward points per ₹ 100 spent on IRCTC tickets on IRCTC ticketing website and 'Rail Connect' app One reward point on every ₹ 100 spent on other categories 1% transaction charge waiver on IRCTC train ticket bookings on IRCTC ticketing website and 'Rail Connect' app Complimentary access to select 'IRCTC Executive Lounges' for up to eight times every year (Two per quarter) One reward point is equal to ₹ 1 for transactions done on IRCTC ticketing website and 'Rail Connect' app Milestone gift voucher of ₹ 500 on quarterly spends of ₹ 30000 Joining/Renewal Fee of ₹ 500 500 Welcome benefit of 500 reward points Five rewards point on ₹ 200 spent on IRCTC website and 'Rail Connect' app for all classes 200 spent on IRCTC website and 'Rail Connect' app for all classes Two reward points on ₹ 200 spent on on Flight/Hotel/Cruise Ticket Booking 200 spent on on Flight/Hotel/Cruise Ticket Booking 1% transaction charge waiver on IRCTC train ticket bookings Complimentary access to select IRCTC lounges for up to eight times every year (Two per quarter) 'Train Cancellation Protect' feature of up to ₹ 5000 5000 The complimentary protection coverage for train cancellation of up to ₹ 5000 will be applicable only on the trains cancelled by the Indian Railways within 24 hours or less, from the date of the journey and the scheduled train time. Terms and conditions may be revised as required by the RBL Bank at its own discretion. 5000 will be applicable only on the trains cancelled by the Indian Railways within 24 hours or less, from the date of the journey and the scheduled train time. Terms and conditions may be revised as required by the RBL Bank at its own discretion. Two reward points for ₹ 200 spent on booking flights, hotels and cruises from the IRCTC website or app. 200 spent on booking flights, hotels and cruises from the IRCTC website or app. Three reward points on ₹ 200 spent on FASTAG Recharge/NCMC Reload/UTS App 200 spent on FASTAG Recharge/NCMC Reload/UTS App One reward point on every ₹ 200 spent on other categories 200 spent on other categories 'Tap and Transit' for rides on metros and bus stations Joining/Renewal Fee of ₹ 500/ ₹ 300 Welcome benefit of 500 bonus reward points Up to 40 BOBCARD reward points for every ₹ 100 spent on IRCTC tickets 1% transaction charge waiver on IRCTC train ticket bookings Complimentary access to select railway lounges for up to four times every year (One per quarter) Up to four reward points on every ₹ 100 spent on other categories Joining/Renewal Fee of ₹ 1499 1499 Welcome benefit of 1500 bonus reward points Ten reward points per ₹ 100 spent on IRCTC tickets 100 spent on IRCTC tickets Five reward Points per ₹ 100 spent on air tickets and e-catering 100 spent on air tickets and e-catering 1% transaction charge waiver on rail and air bookings Complimentary access to select railway lounges for up to eight times every year (Two per quarter) Three reward points per ₹ 125 spent on dining and standing instructions on utility spends 125 spent on dining and standing instructions on utility spends One reward point on regular spends of ₹ 125 Joining/Renewal Fee of ₹ 500/ ₹ 300 Welcome benefit of 350 bonus reward points on credit card activation Up to ten reward points per ₹ 100 spent on IRCTC tickets 1% transaction charge waiver on IRCTC train ticket bookings One reward point on regular spends of ₹ 125 Complimentary access to select railway lounges for up to four times every year (One per quarter) Joining/Renewal Fee of ₹ 500/ ₹ 300 500/ 300 Welcome benefit of 350 bonus reward points on card activation Up to ten reward points per ₹ 100 spent on IRCTC tickets 100 spent on IRCTC tickets 1% transaction charge waiver on IRCTC train ticket bookings Complimentary access to select railway lounges for up to four times every year (One per quarter) One reward point on regular spends of ₹ 125 Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years.
