Federal Bank Ltd
FEDERALBNK

68.20

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

68.20

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

68.75

Open ()
Open Interest
(Contracts)
VWAP ()
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(shares)
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Accumulate
Reco. Price
Rs 77.40

Last updated on 22-Nov-2016

We recommend Accumulate rating on the stock due to continued loan growth momentum, stable margin profile and better fees traction. We expect some improvement in operating efficiencies that will lead to ~9.7% ROE in FY18E from ~6.1% presently. We expect the stock to have limited upside as it is trading at 1.6x FY18E BVPS (Target Price- Rs 85)
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50 DMA (.)
73.95
100 DMA (.)
69.88
200 DMA (.)
59.89
Weekly Range (.)
67.50
71.30
Monthly Range (.)
65.60
83.10
52 Weeks Range (.)
41.35
85.95
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