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Federal Bank has allotted 5,48,029 equity shares under ESOS on 01 September 2023. 

Federal Bank allots 5.48 lakh equity shares under ESOS 

Federal Bank Ltd is up for a third straight session today. The stock is quoting at Rs 140.1, up 2.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 19454.6. The Sensex is at 65409.88, up 0.29%. Federal Bank Ltd has gained around 4.59% in last one month. Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has gained around 3.35% in last one month and is currently quoting at 43993.25, up 0.89% on the day. The volume in the stock stood at 154.3 lakh shares today, compared to the daily average of 139.1 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 140.75, up 3.08%  on the day. Federal Bank Ltd is up 22.89% in last one year as compared to a 10.51% jump in NIFTY and a 13.69% jump in the Nifty Bank index.The PE of the stock is 9.79 based on TTM earnings ending June 23.

Federal Bank Ltd rises for third straight session

Federal Bank has allotted 103,769 equity shares under ESOS on 21 August 2023. 

Federal Bank allots 1.03 lakh equity shares under ESOS 

A section of analysts predict that the banking sector will experience a reduction in net profit margins in FY24.

After a strong rally, mutual funds pare holdings in Indian banks in June quarter

The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.

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The bank had fixed the floor price at Rs 132.59 per share, which marked a discount of around 2 percent against July 19’s closing price of Rs 135.70.

Federal Bank QIP gets strong response with nearly 7x subscription

The floor price, at Rs 132.59 apiece, marks a discount of around 2 percent against July 19’s closing price of Rs 135.70

Federal Bank gains over 1% after floating QIP

The floor price, at Rs 132.59 apiece, marks a discount of around two percent as against the current market price. The bank said it may offer a discount of &quot;not more than five percent on the floor price so calculated for the issue&quot;.

Federal Bank launches QIP, floor price set at Rs 132.59 per share

The bank reported a net profit of Rs 854 crore for the April-June 2023 quarter, a jump from Rs 600 crore in the corresponding period last year.

Federal Bank shares fall ahead of board meeting for fundraising

LKP Research is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 160 in its research report dated July 16, 2023.

Buy Federal Bank; target of Rs 160: LKP Research

The Federal Bank Ltd. (India) is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes trading and investments in government and corporate debt instruments, equity and mutual funds, derivative trading, and foreign exchange operations on proprietary account and for customers. The Corporate or Wholesale Banking segment provides loans and other banking services to corporate and other clients. The Retail Banking segment constitutes lending and other banking services to small business customers. The Other Banking Operations segment consists of income from parabanking activities such as third party product distribution and other banking transactions. The company was founded by Kulangara Paulo Hormis on April 23, 1931 and is headquartered in Aluva, India.

Watchers	3,199
52-Wk Low	115.90
52-Wk High	151.50

Market Cap	345.77B
Volume (M)	8.84M
52-Wk High	151.50
52-Wk Low	115.90

Current Price	147.20
Prev Close	146.00
Open	148.75
Dividend Yield	0.76%
50-Day Moving Average	140.18
Beta	0.11
Avg. Volume	14.75M
PE Ratio	9.12

52-Week High	151.50
52-Week Low	115.90
Market Capitalization	345.77B
EPS	16.14
Price to Book	1.41
Revenue Per Employee	17.22M
Enterprise Value/EBITDA	N/A

FEDERALBNK.NSE Federal Bank Ltd.

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