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Federal Bank vaults after large bulk deal

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gained 3% to Rs 114.95 at 12:46 on after a large bulk deal of 47.80 lakh was executed on the scrip at Rs 114.75 per share at 12:05 on

Meanwhile, the Sensex was up 199.72 points, or 0.58% to 34,353.57.

Bulk deal boosted volume on the scrip. On the BSE, 53.22 lakh were traded in the counter so far, compared with average daily volumes of 7.93 lakh in the past one quarter. The stock had hit a high of Rs 115.40 and a low of Rs 112.50 so far during the day. The stock had hit a record high of Rs 127.75 on 17 October 2017. The stock had hit a 52-week low of Rs 65.80 on 5 January 2017.

The large-cap has equity capital of Rs 393.27 crore. Face value per share is Rs 2.

Federal Bank's net profit rose 31% to Rs 263.70 crore on 14% rise in total income to Rs 2666.82 crore in Q2 September 2017 over Q2 September 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 12:48 IST