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Federal Bank Ltd spurts 1.7%, up for third straight session
14-Sep-18   13:05 Hrs IST

Federal Bank Ltd rose for a third straight session today. The stock is quoting at Rs 77.55, up 1.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.82% on the day, quoting at 11463. The Sensex is at 37945.66, up 0.6%. Federal Bank Ltd has dropped around 13.55% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has dropped around 2.79% in last one month and is currently quoting at 26819.2, up 0.86% on the day. The volume in the stock stood at 41.12 lakh shares today, compared to the daily average of 173.61 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 77.95, up 1.63% on the day. Federal Bank Ltd is down 32.83% in last one year as compared to a 13.66% gain in NIFTY and a 8.88% gain in the Nifty Bank index.

The PE of the stock is 16.23 based on TTM earnings ending June 18.

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