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Federal Bank Ltd slips for fifth straight session

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Capital Market
Last Updated : Nov 16 2021 | 1:50 PM IST

Federal Bank Ltd is quoting at Rs 98.6, down 0.95% on the day as on 13:24 IST on the NSE. The stock jumped 69.85% in last one year as compared to a 40.69% rally in NIFTY and a 31.93% spurt in the Nifty Bank index.

Federal Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 98.6, down 0.95% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 18112.65. The Sensex is at 60709.38, down 0.02%.Federal Bank Ltd has added around 3.46% in last one month.Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has eased around 2.99% in last one month and is currently quoting at 38702.35, down 0.53% on the day. The volume in the stock stood at 70.83 lakh shares today, compared to the daily average of 299.02 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 98.85, down 0.85% on the day. Federal Bank Ltd jumped 69.85% in last one year as compared to a 40.69% rally in NIFTY and a 31.93% spurt in the Nifty Bank index.

The PE of the stock is 12.24 based on TTM earnings ending September 21.

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First Published: Nov 16 2021 | 1:35 PM IST

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