RBL Bank shares rise as Investec initiates coverage with Buy rating
after close1 source ↓written by the desknot a recommendation
- to ₹311.95
- 2.75%
- target price
- ₹430
- deployment
- $1.5 billion
- target for FY27
- 30% loan growth
Shares of RBL Bank surged 2.75% to ₹311.95 after Investec initiated coverage with a Buy rating and a target price of ₹430. The positive outlook stems from management's focus on strengthening balance sheet metrics and reducing funding costs through a $1.5 billion deployment from its recent capital infusion.
Investec anticipates this strategy may lead to credit rating upgrades, enhancing profitability and supporting a 30% loan growth target for FY27. 📈
Not investment advice. For informational purposes only.