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Federal Bank Ltd spurts 3.27%, up for third straight session

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Capital Market

Federal Bank Ltd is quoting at Rs 105.7, up 3.27% on the day as on 12:54 IST on the NSE. The stock is up 25.24% in last one year as compared to a 11.16% gain in NIFTY and a 17.73% gain in the Nifty Bank index.

Federal Bank Ltd rose for a third straight session today. The stock is quoting at Rs 105.7, up 3.27% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.13% on the day, quoting at 11789.1. The Sensex is at 39247.54, up 1.12%. Federal Bank Ltd has added around 10.74% in last one month.

 

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 4.63% in last one month and is currently quoting at 30409.1, up 1.72% on the day. The volume in the stock stood at 161.28 lakh shares today, compared to the daily average of 167.38 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 105.8, up 2.92% on the day. Federal Bank Ltd is up 25.24% in last one year as compared to a 11.16% gain in NIFTY and a 17.73% gain in the Nifty Bank index.

The PE of the stock is 16.33 based on TTM earnings ending March 19.

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First Published: May 24 2019 | 1:05 PM IST

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