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Federal Bank drops after bulk deal

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Capital Market
Last Updated : Jun 10 2013 | 12:30 PM IST

A bulk deal of 8 lakh shares was executed on the Federal Bank counter at Rs 446.50 per share at 09:49 IST on the BSE today, 10 June 2013.

Meanwhile, the BSE Sensex was up 53.94 points, or 0.28%, to 19,483.17.

On BSE, 8.18 lakh shares were traded in the counter as against an average daily volume of 59,855 shares in the past one quarter.

The stock hit a high of Rs 452 and a low of Rs 433.15 so far during the day. The stock had hit a record high of Rs 550.75 on 2 January 2013. The stock had hit a 52-week low of Rs 392 on 26 July 2012.

The stock had outperformed the market over the past one month till 7 June 2013, sliding 0.66% compared with the Sensex's 2.3% fall. The scrip, however, underperformed the market in past one quarter, declining 8.43% as against Sensex's 0.08% gain.

The mid-cap bank has an equity capital of Rs 171.06 crore. Face value per share is Rs 10.

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Federal Bank's net profit declined 6.6% to Rs 221.94 crore on 8.6% growth in total income to Rs 1780.31 crore in Q4 March 2013 over Q4 March 2012.

Federal Bank had 1103 branches and 1187 ATMs as at 31 March 2013 compared with 950 branches and 1005 ATMs as at 31 March 2012.

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First Published: Jun 10 2013 | 11:51 AM IST

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