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Bandhan Bank Surges 8% While RBL Bank Falls 6% Despite Strong Q2 Results
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CNBC TV18•13-10-2026, 10:15
Bandhan Bank Surges 8% While RBL Bank Falls 6% Despite Strong Q2 Results
- •Bandhan Bank and Birlasoft opened significantly higher on the Nifty 500, with Bandhan Bank surging over 8% during market open.
- •HCL Technologies shares rose up to 5% following strong second-quarter results driven by higher margins in its advanced AI business.
- •RBL Bank shares fell more than 6% despite reporting a sharp jump in net profit, as brokerages remained split on valuations and high credit costs.
- •Sterlite Technologies and The Great Eastern Shipping Company also slipped lower at market open, falling 5% each.
Key Questions Answered
HCL Technologies shares rose up to 5% at market open after its second-quarter results showed its operating margin widening by 130 basis points from the previous quarter, driven by higher margins in its advanced AI business.
RBL Bank shares dropped more than 6% because brokerages were split and profit missed some estimates due to higher credit costs, despite the bank posting a second-quarter net profit of ₹481.7 crore against ₹179 crore a year earlier.
Nomura maintained a Buy call on HCL Technologies with a target of ₹1,330 and raised estimates, while HSBC and CLSA maintained Hold ratings with targets of ₹1,225 and ₹1,094, remaining cautious on valuations despite strong AI-driven results.
