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Federal Bank Ltd soars 3.18%, gains for fifth straight session

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Capital Market
Last Updated : Dec 01 2020 | 1:04 PM IST

Federal Bank Ltd is quoting at Rs 64.8, up 3.18% on the day as on 12:44 IST on the NSE. The stock is down 25.73% in last one year as compared to a 8.37% gain in NIFTY and a 6.85% gain in the Nifty Bank.

Federal Bank Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 64.8, up 3.18% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.68% on the day, quoting at 13056.6. The Sensex is at 44512.82, up 0.82%. Federal Bank Ltd has added around 25.46% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 19.27% in last one month and is currently quoting at 29609.05, up 0.27% on the day. The volume in the stock stood at 380.34 lakh shares today, compared to the daily average of 435.35 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 65.3, up 3.4% on the day. Federal Bank Ltd is down 25.73% in last one year as compared to a 8.37% gain in NIFTY and a 6.85% gain in the Nifty Bank index.

The PE of the stock is 8.63 based on TTM earnings ending September 20.

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First Published: Dec 01 2020 | 1:00 PM IST

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