Federal Bank rose 2.59% to Rs 134.65 at 9:48 IST on BSE after the bank said its board of directors will meet on 16 May 2015, to consider issue of bonus shares to the shareholders of the bank.
The announcement was made before market hours today, 11 May 2015.
Meanwhile, the S&P BSE Sensex was up 242.17 points or 0.89% at 27,359.13.
On BSE, so far 1.09 lakh shares were traded in the counter as against average daily volume of 1.72 lakh shares in the past one quarter.
The stock hit a high of Rs 136.90 and a low of Rs 134.20 so far during the day. The stock had hit a record high of Rs 154.20 on 4 March 2015. The stock had hit a 52-week low of Rs 90.95 on 8 May 2014.
The stock had outperformed the market over the past one month till 8 May 2015, advancing 0.57% compared with Sensex's 5.58% fall. The scrip had, however, underperformed the market in past one quarter, sliding 5.95% as against Sensex's 5.62% fall.
The large-cap private sector bank has equity capital of Rs 171.36 crore. Face value per share is Rs 2.
Federal Bank's net profit rose 1.2% to Rs 280.53 crore on 9.8% growth in total income to Rs 2214.28 crore in Q4 March 2015 over Q4 March 2014.
Federal Bank is one of the leading private sector bank in India.
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