7 months ago
Federal Bank Stock in Short-Term Uptrend
Federal Bank's stock has been going up recently.
It reached a new high of Rs 280.20 and has gone up a lot in the past year and five years.
The bank made more money in the last three months compared to the same time last year.
A famous investor's wife owns some of the bank's shares.
Some experts think the stock will keep going up and have set new price targets.
The stock is not too expensive or too cheap right now, and it's higher than its average prices over different time periods.
Federal Bank's stock hit a record high of Rs 280.20 on January 19, up 11% in a week.
The stock has gained 41.66% in a year and 257% in five years.
Q3 net profit rose 9% to Rs 1,041 crore compared to the previous year.
Rekha Rakesh Jhunjhunwala holds a 2.42% stake in the bank.
Brokerages UBS, Axis Direct, and Systematix have raised their price targets for the stock.
- Who
- Federal Bank, Rakesh Jhunjhunwala's wife Rekha Rakesh Jhunjhunwala, brokerages UBS, Axis Direct, Systematix Institutional Equities
- What
- Federal Bank's stock performance and price targets
- Where
- India, BSE
- When
- Q3 earnings announced, stock performance over various time periods
- Why
- Strong Q3 earnings, positive brokerage outlooks, and technical indicators
Key facts
- Current Stock Price
- Rs 272.35
- Market Cap
- Rs 67,034 crore
- Q3 Net Profit
- Rs 1,041 crore
- Jhunjhunwala Stake
- 5.90 crore shares (2.42%)
- UBS Price Target
- Rs 310
- Axis Direct Price Target
- Rs 320
- Systematix Price Target
- Rs 310
- RSI
- 61
Quotes
Axis Direct
A brokerage firm providing investment research and advisory services.
“We expect Federal Bank's RoA improvement to 1.3–1.4% over FY27–28E vs. a rather lacklustre 1.1% in FY26E, supported by (1) healthy risk-adjusted credit growth, (2) margin improvement levers playing out with portfolio mix shift towards better-yielding segments and lower CoF, (3) strong deposit franchise with improving CASA mix, (4) strengthened fee income profile, and (5) stable asset quality metrics keeping credit costs under control. We prefer Federal Bank among the mid-sized banks, given clear visibility around RoA improvement.”
businesstoday.in
Sources
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