Federal Bank trades firm in early deals

20 Jan 2014 Evaluate

The Federal Bank is currently trading at Rs. 80.55, up by 1.10 points or 1.38 % from its previous closing of Rs. 79.45 on the BSE.

The scrip opened at Rs. 81.40 and has touched a high and low of Rs. 81.40 and Rs. 80.05 respectively. So far 95664 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 104.75 on 08-Feb-2013 and a 52 week low of Rs. 44.25 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 82.85 and Rs. 77.95 respectively. The current market cap of the company is Rs. 6868.15 crore.

The Institutions holding in the company stood at 63.90 % while Non-Institutions held 33.64% of the stake.

Federal Bank, Kerala based private sector bank, as part of its plan to expand its branch network will be opening up to 100 new branches every year. The bank would hire 3,000 people in the next three years.

The Aluva-headquartered private bank has 1,142 branches and 1,312 ATMs across the country. More than a half of the branches are outside Kerala. In the third quarter of the current financial year, the bank opened 18 branches.

Federal Bank has reported 9.18% rise in its net profit at Rs 230.13 crore for third quarter ended December 31, 2013 as compared to Rs 210.78 crore for the same quarter in the previous year. Total income of the bank has increased by 9.86% at Rs 1895.92 crore for quarter under review as compared to Rs 1725.62 crore for the quarter ended December 31, 2012.

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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