FEDERAL BANK Share Price Up by 5%; BSE BANKEX Index Up 0.1%

November 27, 2020 02:36 PM

FEDERAL BANK share price has zoomed 5% and is presently trading at Rs 63.

Meanwhile, the BSE BANKEX Index is at 34,010 .

Among the top Gainers in the BSE BANKEX Index today are FEDERAL BANK (up 5.2%) and CITY UNION BANK (up 7.0%).

SBI (down 0.3%) and AXIS BANK (down 0.5%) are among the top losers today.

Over the last one year, FEDERAL BANK has moved down from Rs 89 to Rs 63, registering a loss of Rs 26 (down 29.6%).

On the other hand, the BSE BANKEX has moved down from 35,716 to 34,010, loss of 1,706 points (down 5.2%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 16.0%) and HDFC BANK (up 12.7%).

What About the Benchmark Indices?

The BSE Sensex is at 44,407 (down 0.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 2.1%), TITAN (up 1.9%) and ASIAN PAINTS (up 1.5%). Other gainers include TATA STEEL (up 1.2%) and INDUSIND BANK (up 1.0%). The most traded stocks in the BSE Sensex are NTPC and ITC.

In the meantime, NSE Nifty is at 13,035 (down 0.1%). The top gainers in the NSE Nifty include TATA MOTORS (up 5.1%), HERO MOTOCORP (up 2.1%) and BAJAJ AUTO (up 2.1%). Other gainers include BRITANNIA (up 1.9%) and TITAN (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,407, registering a gain of 3,518 points (up 8.17%).

FEDERAL BANK Financial Update...

FEDERAL BANK net profit down at Rs 3 billion for the quarter ended September 2020, compared to a loss of Rs 4 billion a year ago. Operating income rose 4.7% to Rs 34.9 billion during the period as against Rs 33.3 billion in July-September 2019.

For the year ended March 2018, FEDERAL BANK reported 6.6% increase in net profit to Rs 9.1 billion compared to net profit of Rs 8.5 billion during FY17.

Revenue of the company grew 12.9% to Rs 99 billion during FY18.

The current Price to earnings ratio of FEDERAL BANK, based on rolling 12 month earnings, stands at 8.6x.