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Federal Bank Ltd increases around 2%

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Capital Market
Last Updated : Aug 27 2019 | 3:31 PM IST

Federal Bank Ltd is quoting at Rs 84.6, up 1.93% on the day as on 12:54 IST on the NSE. The stock is up 6.21% in last one year as compared to a 5.39% drop in NIFTY and a 0.57% drop in the Nifty Bank index.

Federal Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 84.6, up 1.93% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. Federal Bank Ltd has dropped around 9.57% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has dropped around 4.05% in last one month and is currently quoting at 27951.35, up 0.56% on the day. The volume in the stock stood at 97.5 lakh shares today, compared to the daily average of 112.71 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 84.6, up 1.74% on the day. Federal Bank Ltd is up 6.21% in last one year as compared to a 5.39% drop in NIFTY and a 0.57% drop in the Nifty Bank index.

The PE of the stock is 12.09 based on TTM earnings ending June 19.

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First Published: Aug 27 2019 | 1:05 PM IST

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