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Federal Bank Ltd in demand

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Federal Bank Ltd is quoting at Rs 98.5, up 1.13% on the day as on 12:54 IST on the NSE. The stock is down 0.86% in last one year as compared to a 11.66% gain in NIFTY and a 20.18% gain in the Nifty Bank index.

Federal Bank Ltd rose for a third straight session today. The stock is quoting at Rs 98.5, up 1.13% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.76% on the day, quoting at 11779.2. The Sensex is at 39249.9, up 0.88%. Federal Bank Ltd has added around 8% in last one month.

 

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 2.88% in last one month and is currently quoting at 30104.25, up 1.14% on the day. The volume in the stock stood at 61.56 lakh shares today, compared to the daily average of 129.98 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 98.95, up 0.97% on the day. Federal Bank Ltd is down 0.86% in last one year as compared to a 11.66% gain in NIFTY and a 20.18% gain in the Nifty Bank index.

The PE of the stock is 19.26 based on TTM earnings ending December 18.

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First Published: Apr 16 2019 | 1:05 PM IST

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