Federal Bank rose 1.04% to Rs 73.10 at 13:39 IST on BSE after a bulk deal of 3 lakh shares was executed on the scrip at Rs 73.30 per share at 13:26 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 6.56 points or 0.02% at 26,292.13
On BSE, so far 8.06 lakh shares were traded in the counter as against average daily volume of 10.86 lakh shares in the past one quarter. The stock hit a high of Rs 74.20 and a low of Rs 72.30 so far during the day. The stock had hit a 52-week high of Rs 85.90 on 26 October 2016. The stock had hit a 52-week low of Rs 41.35 on 12 February 2016. The stock outperformed the market over the past 30 days till 16 November 2016, rising 0.77% compared with the Sensex's 6.25% fall. The scrip also outperformed the market in past one quarter, gaining 11.57% as against the Sensex's 6.49% decline.
The large-cap private-sector bank has equity capital of Rs 344.23 crore. Face value per share is Rs 2.
Federal Bank's net profit rose 24.78% to Rs 201.24 crore on 11.67% rise in total income to Rs 2327.79 crore in Q2 September 2016 over Q2 September 2015.
Federal Bank is one of the leading private sector banks in India.
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