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Federal Bank Ltd slips for fifth straight session

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Federal Bank Ltd is quoting at Rs 91.85, down 1.24% on the day as on 13:19 IST on the NSE. The stock jumped 6.49% in last one year as compared to a 10.16% rally in NIFTY and a 13.84% spurt in the Nifty Bank index.

Federal Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 91.85, down 1.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 12000.15. The Sensex is at 40851.72, down 0.15%.Federal Bank Ltd has added around 3.49% in last one month.Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has eased around 3.95% in last one month and is currently quoting at 30647.4, up 0.61% on the day. The volume in the stock stood at 57.17 lakh shares today, compared to the daily average of 115.44 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 92.1, down 1.23% on the day. Federal Bank Ltd jumped 6.49% in last one year as compared to a 10.16% rally in NIFTY and a 13.84% spurt in the Nifty Bank index.

The PE of the stock is 11.41 based on TTM earnings ending December 19.

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First Published: Jan 31 2020 | 1:35 PM IST

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