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Federal Bank Ltd drops for fifth straight session

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Federal Bank Ltd is quoting at Rs 72.8, down 0.07% on the day as on 13:24 IST on the NSE. The stock tumbled 19.42% in last one year as compared to a 7.03% slide in NIFTY and a 6.4% fall in the Nifty Bank index.

Federal Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 72.8, down 0.07% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 10506.7. The Sensex is at 35926.69, up 0.82%.Federal Bank Ltd has eased around 19.47% in last one month.Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has eased around 15.46% in last one month and is currently quoting at 26462.6, up 0.61% on the day. The volume in the stock stood at 152.38 lakh shares today, compared to the daily average of 103.96 lakh shares in last one month.

 

The benchmark March futures contract for the stock is quoting at Rs 72.8, down 0.27% on the day. Federal Bank Ltd tumbled 19.42% in last one year as compared to a 7.03% slide in NIFTY and a 6.4% fall in the Nifty Bank index.

The PE of the stock is 8.93 based on TTM earnings ending December 19.

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First Published: Mar 11 2020 | 1:35 PM IST

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