Vinit Bolinjkar, representing Ventura Securities, expresses confidence in the substantial value and growth potential of RBL Bank. According to Bolinjkar, investing in RBL Bank offers a unique advantage: a combination of both EPS growth and a re-evaluation of its valuation, resulting in a positive twin effect. This indicates that not only will the bank’s earnings per share increase, but its market value is also expected to be reassessed and potentially rise.

What is the future of RBL Bank share?

Based on the analysis of RBL Bank’s stock chart, there are indications of a positive turnaround in the future. The stock prices have recently broken out of a long-lasting downtrend channel and subsequently retested that same channel, as denoted by the blue color. However, the next significant challenge lies at the apex of the channel. It is recommended to consider purchasing the stock during price declines, as long as it maintains support above the previous weekly swing low. This strategy aims to take advantage of potential price appreciation while minimizing downside risk.