Live Breaking News & Updates on Ederal Bank Stock Price Target
Stay updated with breaking news from Ederal bank stock price target. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shares of private sector lender Federal Bank Ltd are trading near their record high. The banking stock touched an all-time high of Rs 159.25 in the previous session. However, the stock saw partial profit-booking and closed 2.76% lower at Rs 153.10 on Wednesday. ....
The banking shares touched a record high of Rs 158.05, rising 2.59% in early deals today against the previous close of Rs 154.05 on BSE. Market cap of the bank rose to Rs 38,295 crore. ....
Shares of Federal Bank Ltd hit an all-time high today after the lender reported better-than-expected earnings for the quarter ended September 2023. Net profit climbed 35.56% to Rs 954 crore in Q2 against the profit of Rs 703.7 crore in the September quarter of 2022. The bank logged highest ever quarterly profit in Q2. Net interest income came 16.7% higher at Rs 2056.4 in Q2 against Rs 1761.18 crore in September quarter of the previous fiscal. NII too was the highest in the last quarter. ....
Federal Bank: Nuvama Institutional Equities said it maintained its ‘Buy’ rating on the stock due to inexpensive valuation and its own expectation of better performance in quarters ahead.