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Federal Bank Ltd spurts 8.83%

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Capital Market
Last Updated : Jun 22 2020 | 1:32 PM IST

Federal Bank Ltd is quoting at Rs 55.45, up 8.83% on the day as on 12:54 IST on the NSE. The stock is down 46.11% in last one year as compared to a 11.57% drop in NIFTY and a 28.53% 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 55.45, up 8.83% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.99% on the day, quoting at 10346.3. The Sensex is at 35087.82, up 1.03%. Federal Bank Ltd has risen around 44.21% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has risen around 25.41% in last one month and is currently quoting at 21338.1, up 2.5% on the day. The volume in the stock stood at 564.84 lakh shares today, compared to the daily average of 437.65 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 55.65, up 8.8% on the day. Federal Bank Ltd is down 46.11% in last one year as compared to a 11.57% drop in NIFTY and a 28.53% drop in the Nifty Bank index.

The PE of the stock is 6.58 based on TTM earnings ending March 20.

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First Published: Jun 22 2020 | 1:05 PM IST

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