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Federal Bank Ltd slips for fifth straight session

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Capital Market

The stock is quoting at Rs 73.2, down 0.41% on the day as on 13:19 IST on the NSE. Federal Bank Ltd tumbled 34.26% in last one year as compared to a 11.26% rally in NIFTY and a 3.76% spurt in the Nifty Bank index.

Federal Bank Ltd is down for a fifth straight session today. The stock is quoting at 73.2, down 0.41% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.42% on the day, quoting at 10984.4. The Sensex is at 36357.13, down 1.32%.Federal Bank Ltd has lost around 8.39% in last one month.Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has eased around 11.28% in last one month and is currently quoting at 25596.9, down 2.04% on the day. The volume in the stock stood at 64.96 lakh shares today, compared to the daily average of 123.58 lakh shares in last one month.

 

The benchmark September futures contract for the stock is quoting at Rs 72.95, down 0.95% on the day. Federal Bank Ltd tumbled 34.26% in last one year as compared to a 11.26% rally in NIFTY and a 3.76% spurt in the Nifty Bank index.

The PE of the stock is 15.65 based on TTM earnings ending June 18.

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First Published: Sep 24 2018 | 1:35 PM IST

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