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RBL Bank Shares Drop 6 Percent Despite Strong Q2 Earnings While IT Stocks Gain
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Moneycontrol•13-10-2026, 09:50
RBL Bank Shares Drop 6 Percent Despite Strong Q2 Earnings While IT Stocks Gain
- •RBL Bank shares declined 6 percent even after reporting a 170 percent year-on-year surge in standalone profit to Rs 482 crore for the second quarter.
- •Plastiblends India shares plunged 7 percent despite a 43.3 percent jump in quarterly profit.
- •Karur Vysya Bank shares rose 1.3 percent following a distribution agreement with Zurich Kotak General Insurance Company.
- •The IT index led sectoral gains by rising 2.5 percent, while broader indices like the Nifty Midcap and smallcap underperformed.
- •Market breadth on the BSE remained negative with more declining shares than advancing ones.
Key Questions Answered
RBL Bank shares declined by 6 percent on Dalal Street even though the bank posted a 170 percent year-on-year surge in standalone profit to Rs 482 crore and a 37 percent rise in net interest income for Q2.
Karur Vysya Bank shares rose 1.3 percent following an agreement entered into with Zurich Kotak General Insurance Company to distribute general insurance products to its customers.
Maruti Suzuki India shares traded lower after the National Company Law Appellate Tribunal notified that the matter involving the Competition Commission of India would not be taken up on November 2, 2026, with the next hearing date to be announced in due course.
