RBL Bank Ltd. SHARES SHED 6% AFTER Q2 RESULT

Dalal Street witnessed stock-specific action on October 13 as investors reacted to corporate announcements and second-quarter earnings. RBL Bank shares declined 6 percent despite the lender reporting a 170 percent year-on-year jump in standalone net profit. Net interest income rose 37 percent, while operating profit surged 92 percent. Asset quality also improved, with gross NPA falling to 1.02 percent from 1.3 percent in the previous quarter and net NPA declining to 0.29 percent from 0.37 percent. Plastiblends India shares tumbled 7 percent despite the company reporting a 43.3 percent year-on-year increase in profit. Revenue grew 18.8 percent. Karur Vysya Bank gained 1.3 percent after signing an agreement 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 announced that the matter concerning the Competition Commission of India would not be heard on November 2, 2026. The tribunal said the next hearing date would be communicated in due course. At the sectoral level, the IT index outperformed, rising 2.5 percent. Buying interest was also visible in PSU banks, private banks, realty, auto, FMCG and metal stocks. Meanwhile, energy, media and pharma stocks faced selling pressure. Several stocks touched their 52-week lows during the session, including Max Healthcare, Vedanta Aluminium, Power Grid Corporation, Indian Oil Corporation (IOC), Balkrishna Industries, Avenue Supermarts, Jupiter Wagons, Reliance Industries, Voltas, Vishal Mega Mart and Hindustan Unilever.