AgenciesYes Securities has buy call on Federal Bank with a target price of Rs 155. The current market price of . is Rs 137.95.
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 29028.43 Crore).
Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4886.58 Crore, up 13.16 % from last quarter Total Income of Rs 4318.17 Crore and up 21.75 % from last year same quarter Total Income of Rs 4013.46 Crore. The bank reported net profit after tax of Rs 733.34 Crore in latest quarter.
Investment Rationale
Series of double top buys and sustenance above 10-column average implies continuation of uptrend.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.2 per cent, DIIs 42.12 per cent.
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 29028.43 Crore).
Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4886.58 Crore, up 13.16 % from last quarter Total Income of Rs 4318.17 Crore and up 21.75 % from last year same quarter Total Income of Rs 4013.46 Crore. The bank reported net profit after tax of Rs 733.34 Crore in latest quarter.
Investment Rationale
Series of double top buys and sustenance above 10-column average implies continuation of uptrend.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.2 per cent, DIIs 42.12 per cent.
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