On the NSE, RBL Bank Ltd was quoted at Rs 147.6, down 2.02%. The stock fell 0.47% in 2022, the Nifty gained 0.82%, and the Nifty PSU Bank Index surged 6.79%.

On January 30, 2023, RBL Bank Ltd fell for a fifth straight session. The company’s stock is quoted at Rs 147.6, down 2.02%. The benchmark Nifty was down about 0.7% on the day at 17,481.8. The Sensex is at 5,8942.23, down 0.66%. RBL Bank Ltd lost approximately 18.61% in the previous month. 

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Meanwhile, the Nifty PSU Banks Index, which includes RBL Bank Ltd, is down about 7.59% for December 2022 and is currently quoted at 20,629.6, down 1.46% on the day. Volume was 70.4 lakh shares on Monday, compared with the 125.1 lakh daily average for the previous month.

The stock’s benchmark in the February futures contract is at Rs 148.65, down 1.75% on the day. RBL Bank Ltd slipped  0.47% in 2022 compared to a 0.82% rally in Nifty and a 6.79% spurt in the Nifty PSU Bank index.

Based on TTM earnings, the PE of the stock was 11.16 based on the end of December 2022.