Federal Bank lost 0.24% to Rs 81.50 at 12:45 IST on BSE after net profit rose 9.18% to Rs 230.13 crore on 9.86% growth in total income to Rs 1895.92 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced during trading hours today, 17 January 2014.
Meanwhile, the S&P BSE Sensex was down 123.94 points or 0.58% at 21,141.24.
On BSE, so far 5.32 lakh shares were traded in the counter as against average daily volume of 4.13 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.05% at the day's low of Rs 79.20 so far during the day. The stock rose as much as 1.4% at the day's high of Rs 82.85 so far during the day. The stock had hit a 52-week high of Rs 105.96 on 16 January 2013. The stock had hit a 52-week low of Rs 44.25 on 4 September 2013.
The stock had outperformed the market over the past one month till 16 January 2014, advancing 5.9% compared with the Sensex's 2.93% rise. The scrip had also outperformed the market in past one quarter, surging 21.85% as against Sensex's 3.49% gain.
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The mid-cap private sector bank has equity capital of Rs 171.07 crore. Face value per share is Rs 2.
Federal Bank's provisions and contingencies declined 90.2% to Rs 7.29 crore in Q3 December 2013 over Q3 December 2012.
Federal Bank's ratio of gross non-performing assets (NPAs) to gross advances improved to 2.83% as on 31 December 2013 from 3.39% as on 30 September 2013 and 3.85% as on 31 December 2012. The ratio of net NPAs to net advances improved to 0.86% as on 31 December 2013 from 0.98% as on 30 September 2013 and 0.92% as on 31 December 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 14.8% as on 31 December 2013 as against 15.35% as on 30 September 2013.
Federal Bank is a leading private sector bank in India.
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