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Federal Bank Ltd sees good buying

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Federal Bank Ltd is quoting at Rs 78.2, up 1.16% on the day as on 12:49 IST on the NSE. The stock is down 16.59% in last one year as compared to a 21.75% spurt in NIFTY and a 6.91% spurt in the Nifty Bank index.

Federal Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 78.2, up 1.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 14740.2. The Sensex is at 50135.86, up 0.69%. Federal Bank Ltd has risen around 26.54% in last one month.

 

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has risen around 10.79% in last one month and is currently quoting at 32543.7, up 0.86% on the day. The volume in the stock stood at 265.38 lakh shares today, compared to the daily average of 340.67 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 78.15, up 0.58% on the day. Federal Bank Ltd is down 16.59% in last one year as compared to a 21.75% spurt in NIFTY and a 6.91% spurt in the Nifty Bank index.

The PE of the stock is 10.92 based on TTM earnings ending December 20.

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First Published: Jan 21 2021 | 1:05 PM IST

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