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Federal Bank Ltd soars 3.67%, rises for fifth straight session

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Federal Bank Ltd is quoting at Rs 46.55, up 3.67% on the day as on 12:49 IST on the NSE. The stock is down 56.74% in last one year as compared to a 18.21% drop in NIFTY and a 36.57% drop in the Nifty Bank.

Federal Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 46.55, up 3.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.2% on the day, quoting at 9886.95. The Sensex is at 33565.8, up 3.52%. Federal Bank Ltd has risen around 5.68% in last one month.

 

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has risen around 1.69% in last one month and is currently quoting at 19297.25, up 4.04% on the day. The volume in the stock stood at 214.59 lakh shares today, compared to the daily average of 341.4 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 46.7, up 5.3% on the day. Federal Bank Ltd is down 56.74% in last one year as compared to a 18.21% drop in NIFTY and a 36.57% drop in the Nifty Bank index.

The PE of the stock is 5.81 based on TTM earnings ending March 20.

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First Published: Jun 01 2020 | 1:00 PM IST

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