Federal Bank slips after large bulk deal

Federal Bank lost 2.64% to Rs 60.90 at 14:36 IST on BSE after a bulk deal of 47.97 lakh shares was executed on the scrip at Rs 60.85 per share at 12:05 IST on BSE today, 26 August 2015.

Meanwhile, the BSE Sensex was down 82.01 points, or 0.32%, to 25,950.37

Bulk deal boosted volume on the Federal Bank counter. On BSE, so far 52.27 lakh shares were traded in the counter, compared with an average volume of 4.58 lakh shares in the past one quarter.

The stock hit a high of Rs 64 and low of Rs 59.85 so far during the day. The stock hit a record high of Rs 79.73 on 3 July 2015. The stock hit a 52-week low of Rs 58.03 on 26 August 2014.

The stock had underperformed the market over the past one month till 25 August 2015, sliding 10.45% compared with 7.4% fall in the Sensex. The stock also underperformed the market in past one quarter, falling 11.31% as against Sensex's 5.83% decline.

The large-cap private sector bank has an equity capital of Rs 343.28 crore. Face value per share is Rs 2.

Federal Bank's net profit fell 35.8% to Rs 141.39 crore on 9.3% rise in total income to Rs 2107.09 crore in Q1 June 2015 over Q1 June 2014.

Federal Bank is one of the leading private sector bank in India.

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