Federal Bank Ltd Sees Continued Gains, Up 49.85% Year-on-Year
Federal Bank Ltd gains for third straight session
Business Standard
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Federal Bank Ltd's stock has increased by 3.45% today, reaching ₹284.65. Over the past year, it has surged 49.85%, significantly outperforming the NIFTY's 6.94% and the Nifty Bank index's 10.29% gains. The stock has shown consistent growth, marking its third consecutive session of gains.
- 01Federal Bank Ltd's stock is currently priced at ₹284.65, up 3.45% today.
- 02The stock has risen 49.85% over the past year.
- 03In the last month, Federal Bank's stock gained 4.15%.
- 04The NIFTY index is up 3.58% today, while the Nifty Bank index has increased 5.11%.
- 05The stock's price-to-earnings (PE) ratio is 17.44 based on trailing twelve months earnings.
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Federal Bank Ltd's stock is trading at ₹284.65, reflecting a 3.45% increase today as of 12:49 IST on the National Stock Exchange (NSE). This marks the third consecutive day of gains for the bank's shares, which have surged 49.85% over the past year, significantly outpacing the 6.94% increase in the NIFTY index and the 10.29% rise in the Nifty Bank index. In the last month, Federal Bank's stock has appreciated by 4.15%, while the Nifty Bank index has only gained 1.09% during the same period. The trading volume for Federal Bank stood at 45.85 lakh shares, lower than the monthly average of 102.09 lakh shares. The benchmark April futures contract for the stock is currently at ₹285.55, up 3.44%. The stock's price-to-earnings (PE) ratio is 17.44, based on trailing twelve months earnings ending December 25.
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The rise in Federal Bank's stock price may indicate improved investor confidence, potentially affecting shareholders positively.
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