Federal Bank soars on the bourses

22 Sep 2014 Evaluate

Federal Bank is currently trading at Rs. 128.75, up by 2.95 points or 2.34% from its previous closing of Rs. 125.80 on the BSE.

The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 128.90 and Rs. 124.40 respectively. So far 136936 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 136.00 on 30-Jun-2014 and a 52 week low of Rs. 55.69 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 118.75 respectively. The current market cap of the company is Rs. 10980.70 crore.

The institutions and non-institutions held 64.31% and 33.49% stake in the bank, respectively.

Federal Bank, a Kerala-based private sector bank has unveiled a new version of its electronic passbook called ‘FedBook’. Through this new passbook, the bank’s customers can now monitor their loan accounts, keep track of their cheques and view their deposit accounts with ease. This application can also provide the full list of deposits of the customer sorted in the order of maturity.

The bank’s net profit for the quarter ended June 30, 2014 rose by 91.40% at Rs 202.23 crore as compared to Rs 105.66 crore for the quarter ended June 30, 2013. Its total income has increased by 3.16% to Rs 1928.04 crore for the quarter under review from Rs 1869.05 crore for the corresponding quarter of the previous year.

Federal Bank Share Price

196.90 2.85 (1.47%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1801.00
ICICI Bank 1296.40
Axis Bank 1079.20
Kotak Mahindra Bank 1744.90
Indusind Bank 944.70
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