Federal Bank is currently trading at Rs. 513.60, up by 7.50 points or 1.48% from its previous closing of Rs. 506.10 on the BSE.
The scrip opened at Rs. 507.50 and has touched a high and low of Rs. 513.45 and Rs. 507.05 respectively. So far 1, 36,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.75 on 02-Jan-2013 and a 52 week low of Rs. 335.00 on 25-Apr-2012.
Last one week high and low of the scrip stood at Rs. 515.00 and Rs. 495.00 respectively. The current market cap of the company is Rs. 8,780 crore.
The Institutions and Non-Institutions held 66.95% and 30.94% respectively.
Federal Bank has introduced a National Auto Loan Hub at Marine Drive, Kochi. In this hub, the bank has a single window for processing and sanctioning of auto loans on fast track. It has reduced the interest rates on car loans to 10.45%. Through this initiative, the bank aims speedy loan processing, which will enable the bank to reduce turn-around-time to less than a day.
The bank has reported 4.41% rise in its net profit at Rs 210.78 crore for the quarter as compared to Rs 201.87 crore for the same quarter in the previous year. Total income of the bank has increased by 7.53% at Rs 1725.62 crore for quarter under review as compared to Rs 1604.76 crore for the quarter ended December 31, 2011
Company Name | CMP |
---|---|
HDFC Bank | 1780.00 |
ICICI Bank | 1295.00 |
Axis Bank | 1079.15 |
Kotak Mahindra Bank | 1745.20 |
Indusind Bank | 936.15 |
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