Multiyear Breakout Stock: Zerodha’s Kamath Brothers Hold Stake in This Banking Stock Nearing Key Breakout; Is It the Next HDFC Bank in the Making?

The Indian equity benchmarks traded weak on Thursday morning, with the Nifty slipping below the 23,200 mark around 9:47 am. However, Banking stocks showed relative strength, with the Nifty Bank trading higher by 0.16 per cent.

Amid this strength in banking names, RBL Bank stood out. RBL Bank share price gained over 2 per cent on Thursday, June 11, 2026, and touched a fresh 52-week high.

The move has also brought the stock close to a major technical breakout. On the monthly chart, RBL Bank is now testing the upper end of its multi-year consolidation zone near the Rs 365–370 range. The stock has spent nearly six years moving within a broad range after the sharp fall from its 2018–2019 peak. The recent strong bullish monthly candle indicates renewed buying interest. A decisive monthly close above Rs 370, followed by sustained trade above this level, could confirm a multi-year breakout and open the door for further upside.

Another interesting point is the shareholding of Zerodha Broking, promoted by the Kamath brothers, Nithin Kamath and Nikhil Kamath. Zerodha Broking holds a 1.22 per cent stake in RBL Bank, translating into 75,53,944 shares.

RBL Bank has delivered a strong performance across time frames. The stock is up around 8 per cent in the last one month, nearly 16 per cent on a year-to-date basis, about 66 per cent in the last one year and 109 per cent over the last three years, turning into a multibagger during this period.

Do you think RBL Bank has the potential to become the next big private sector banking story? Share your views in the comments.

 Disclaimer: The article is for informational purposes only and not investment advice.