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Federal Bank Ltd spurts 2.85%

Capital Market 

Federal Bank Ltd is quoting at Rs 88.5, up 2.85% on the day as on 12:49 IST on the NSE. The stock is up 10.28% in last one year as compared to a 13.28% spurt in NIFTY and a 17.93% spurt in the Nifty Bank index.

Federal Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 88.5, up 2.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.26% on the day, quoting at 11921.35. The Sensex is at 40222.61, up 0.14%. Federal Bank Ltd has risen around 4.24% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has risen around 9.29% in last one month and is currently quoting at 30330.55, up 0.05% on the day. The volume in the stock stood at 177.95 lakh shares today, compared to the daily average of 171.88 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 88.45, up 2.31% on the day. Federal Bank Ltd is up 10.28% in last one year as compared to a 13.28% spurt in NIFTY and a 17.93% spurt in the Nifty Bank index.

The PE of the stock is 11.29 based on TTM earnings ending September 19.

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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, November 04 2019. 13:05 IST
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