The Federal Bank is currently trading at Rs 83.75, up by 1.10 points or 1.33% from its previous closing of Rs. 82.65 on the BSE.
The scrip opened at Rs 85.00 and has touched a high and low of Rs 85.65 and Rs. 83.60 respectively. So far 190796 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 83.00 and Rs 77.95 respectively. The current market cap of the company is Rs 7069.15 crore.
The Institutions holding in the company stood at 63.90% while Non-Institutions held 33.64% of the stake.
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Federal Bank for increase in foreign investment to 74 percent subject to the aggregate Foreign Institutional Investors’ (FIIs) shareholding not exceeding 49 percent of the paid up equity share capital of the bank. The approval would result in foreign investment of approximately Rs 1,400 crore in the country.
The 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.
The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 2.83%, as compared to 3.85% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.86% as compared to 0.92% in the same quarter of the previous year.
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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