RBL Bank Shares Tumble After Quarterly Results Announcement
RBL Bank shares faced significant selling pressure on Monday morning. This followed the announcement of the bank's third quarter results for 2026 on Saturday. The stock opened lower on the National Stock Exchange.
Sharp Decline in Early Trading
The share price began the day at ₹309 each. It quickly dropped to an intraday low of ₹297.15 per share. Some value buying emerged at these lower levels, helping the stock recover slightly from its worst losses. Currently, RBL Bank shares are trading near ₹300 on the NSE. This represents a loss of more than 7% from Friday's closing price of ₹324.60.
Expert Analysis on the Market Reaction
Stock market experts point to weak overall sentiment on Dalal Street as the primary reason for the decline. They note that the bank's Q3 earnings themselves were stable. These analysts expect a strong rebound once market conditions improve. Their current advice to investors is to hold the stock. They recommend setting a strict stop-loss at ₹295 per share.
Breaking Down the Q3 Performance
Seema Srivastava, a Senior Research Analyst at SMC Global Securities, commented on the results. She stated that RBL Bank's Q3 performance shows stability. The bank reported a net profit of ₹214 crore. Its operating profit grew by 7% year-on-year, reaching ₹912 crore. Srivastava highlighted the bank's focus on secured retail and commercial banking. This strategy is driving growth. She also noted a robust operating engine and improving asset quality.
The net profit figure was affected by one-off pre-tax expenses of ₹32 crore. These costs arose from revisions to the definition of wages under new labour codes. The codes became effective on November 21, 2025.
Net interest income saw a healthy increase. It rose 5% compared to the same period last year and 7% from the previous quarter. The total reached ₹1,657 crore. This growth was supported by a strong net interest margin of 4.63%.
Technical Outlook for the Stock
Sumeet Bagadia, Executive Director at Choice Broking, provided a technical perspective. He explained that the stock is under pressure but has solid support at ₹295. A break below this level could trigger further selling. On the higher side, the share price faces resistance near ₹320. Bagadia said a clear bullish or bearish trend will emerge once the price breaks out of this ₹295 to ₹320 range.
He advised existing shareholders to continue holding the stock. They should maintain a stop loss at ₹295. For new investors, Bagadia suggested waiting. Fresh investments should only be considered if the stock decisively breaks above the ₹320 mark.
Disclaimer: This article is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms. They do not represent the views of Mint. Investors are strongly advised to consult with certified experts before making any investment decisions.
