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Federal Bank Ltd under bearish spell

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Federal Bank Ltd is quoting at Rs 81.3, down 3.73% on the day as on 13:24 IST on the NSE. The stock jumped 2.52% in last one year as compared to a 12.37% rally in NIFTY and a 13.48% spurt in the Nifty Bank index.

Federal Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 81.3, down 3.73% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.08% on the day, quoting at 11916.3. The Sensex is at 40628.15, down 1.04%.Federal Bank Ltd has lost around 13.28% in last one month.Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has eased around 2.57% in last one month and is currently quoting at 30680.7, down 1.3% on the day. The volume in the stock stood at 63.45 lakh shares today, compared to the daily average of 109.9 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 81.45, down 3.95% on the day. Federal Bank Ltd jumped 2.52% in last one year as compared to a 12.37% rally in NIFTY and a 13.48% spurt in the Nifty Bank index.

The PE of the stock is 10.36 based on TTM earnings ending December 19.

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First Published: Feb 18 2020 | 1:35 PM IST

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