Shares of Federal Bank rose more than 1.35 per cent during the trading session on Thursday to Rs 156.75 with a total market captialization close to Rs 38,000 crore.
In a span of one-year, Federal Bank has outperformed both Nifty and Bank Nifty. The bank has relatively stronger liability franchise compared to its peers in midcap space. JP Morgan has initiated an overweight rating on the bank s share price while setting a target price of ₹150.