RBL Bank gains over 5% post Q3 results
RBL Bank has rallied 7% to Rs 393 on the BSE in early morning trade after the bank reported a 59% year on year (YoY) increase rise in net profit at Rs 129 crore for the third quarter ended December 2016 (Q3FY17) on back of higher interest as well as non-interest income. The private sector lender had reported profit of Rs 81 crore in the same period last fiscal year.
Technical levels
Support at 375 and Resistance at 393.50
Break and sustain above 393.50 will take it to 400—405 further upside rally will see on close above 405, else could test its support level of 375
Looks weak if close below 375.00
