Federal Bank Ltd continues to edge higher

Federal Bank Ltd is quoting at Rs 85, up 1.61% on the day as on 12:54 IST on the NSE. The stock is up 61.44% in last one year as compared to a 52.69% gain in NIFTY and a 67.63% gain in the Nifty Bank index.

Sep 16, 2021 01:09 IST capital market

Federal Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 85, up 1.61% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 17583.65. The Sensex is at 58988.02, up 0.45%. Federal Bank Ltd has added around 2.1% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 4.32% in last one month and is currently quoting at 36852.25, up 1.53% on the day. The volume in the stock stood at 104.51 lakh shares today, compared to the daily average of 107.75 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 85.15, up 1.43% on the day. Federal Bank Ltd is up 61.44% in last one year as compared to a 52.69% gain in NIFTY and a 67.63% gain in the Nifty Bank index.

The PE of the stock is 11.29 based on TTM earnings ending June 21.

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