RBL Bank Stock Zooms 5% On Best Asset Quality In 16 Quarters! But Why Are Analysts Bearish?

RBL Bank's Q2 results were in line with expectations, with net profit growing 46% Y-o-Y to Rs 294 crore. NII increased 26% Y-o-Y to Rs 1,475 crore, while asset quality improved with GNPA falling 10 bps Q-o-Q to 3.12% and net NPA ratio falling 22 bps Q-o-Q to 0.78%. The stock zoomed 4.7% on Oct 23, nearing its 52-week high levels.