Investors have to be cautious at this stage. Profit booking in the mid-and small-cap stocks which have shot up on hope and aggressive buying would be a good strategy, suggested an expert.
RBL Bank share price: The multibagger counter has gained nearly 120 per cent in the past one year. The scrip was up 19 per cent on a year-to-date (YTD) basis and 16 per cent in past one month.
Anand Mahindra s views on RBL Bank s financial sector and risk factors motivated the Mahindra Group to acquire a 3% stake in RBL Bank. The move is less of an investment and more of strategic interest in the company s strong franchise, according to Vinit Bolinjkar, head of equity research for Ventura Securities.