RBLBank long term bet. Good rally expected

RBLbank is both fundamentally and technically strong on charts. Book value ₹ 211, Market Cap ₹ 12,235 Cr

Fundamental View
Stock is trading at 0.97 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of 6.77% for last 3 years.
Contingent liabilities of Rs.61848.98 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.2514.51 Cr.
Dividend payout has been low at 9.46% of profits over last 3 years

Technical View
Strong uptrend on monthly chart and trading above key Fib ratios. C/3rd wave upside is currently progressing.
breakoutBullish PatternsFundamental AnalysisTechnical IndicatorsRBLBANKTrend Analysis

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