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Federal Bank Ltd spurts 2.75%, gains for fifth straight session

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Federal Bank Ltd is quoting at Rs 74.7, up 2.75% on the day as on 12:44 IST on the NSE. The stock is down 14.09% in last one year as compared to a 18.21% gain in NIFTY and a 2.49% gain in the Nifty Bank.

Federal Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 74.7, up 2.75% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 14215.3. The Sensex is at 48359.31, up 0.38%. Federal Bank Ltd has added around 14.05% in last one month.

 

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 6.25% in last one month and is currently quoting at 31797.9, up 1.12% on the day. The volume in the stock stood at 265.72 lakh shares today, compared to the daily average of 334.95 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 75, up 2.74% on the day. Federal Bank Ltd is down 14.09% in last one year as compared to a 18.21% gain in NIFTY and a 2.49% gain in the Nifty Bank index.

The PE of the stock is 10 based on TTM earnings ending September 20.

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First Published: Jan 07 2021 | 1:00 PM IST

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