Mutual Funds double down on RBL Bank shares in Q1 but retail sells
Published on 16/07/2025 01:51 PM
Mutual Funds double down on RBL Bank shares in Q1 but retail sellsThe stake held by foreign companies in RBL Bank has declined to 3.5% in June 2025 from 7.4% in March.By Meghna Sen July 16, 2025, 1:51:38 PM IST (Published)1 Min ReadShares of private sector lender RBL Bank Ltd. are trading with gains on Wednesday, July 16, after the June quarter shareholding pattern revealed a notable increase in mutual fund holdings since March 2025. Mutual funds now hold a 29.2% stake in the stock, up from 15.3% in March.
Foreign portfolio investors (FPIs) have also raised their stake to 17.6% in June, compared to 14.4% in March.
Meanwhile, retail investors have trimmed their holdings to 28.7% from 38.7% over the same period.
The stake held by foreign companies has declined to 3.5% in June 2025 from 7.4% in March.
Recently, global brokerage firm Citi opened a 90-day positive catalyst watch on the RBL Bank stock. Citi maintained a 'Buy' recommendation on RBL Bank, and raised its price target to ₹285 from ₹230 earlier.
The foreign brokerage expects RBL Bank's return on assets (RoA) trajectory to improve by 45-50 basis points driven by much awaited normalisation of credit cost.
RBL Bank shares are currently trading 2.13% higher on Wednesday at ₹268.88. The stock has jumped over 70% so far this year.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsRBL Bankshare market today