Federal Bank declines 0.25% as Sensex slides

Federal Bank declines 0.25% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 10.96, while the price-to-book value ratio stood at 0.92.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Federal Bank Ltd. traded at Rs 100.0 on BSE at 11:36AM (IST) on Monday, down 0.25 per cent from previous close.

The scrip quoted a 52-week low price of Rs 70.0 and a high of Rs 107.65.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 391,099 lakh shares changed hands on the counter till 11:36AM (IST).

The stock of Federal Bank Ltd. commanded a market value of Rs 21020.28 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 10.96, while the price-to-book value ratio stood at 0.92. Return on equity (ROE) was at 10.08 per cent, according to exchange data.

In the BSE500 pack, 305 stocks traded in the green, while 196 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.25.

Promotor/FII Holding
Promoters held 0.0 per cent in Federal Bank Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 24.89 per cent and 32.14 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 90.97 on April 11, while the 50-DMA was at 98.0. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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