Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Federal Bank Gains 6%; BSE BANKEX Index Up 0.2%
Tue, 29 Oct 9:23

Federal Bank Gains 6%; BSE BANKEX Index Up 0.2%Image source: hudiemm/www.istockphoto.com

Federal Bank share price has zoomed 6% and is presently trading at Rs 193.2.

Meanwhile, the BSE BANKEX index is at 58,528.8 (up 0.2%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 0.9%) and SBI (up 0.4%).

IDFC FIRST BANK (down 1.6%) and Kotak Bank (down 0.6%) are among the top losers today.

Over the last one year, Federal Bank has moved up from Rs 141.8 to Rs 193.2, registering a gain of Rs 51.4 (up 36.2%).

On the other hand, the BSE BANKEX index has moved up from 48,173.3 to 58,528.8, registering a gain of 21.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.0%), ICICI Bank (up 42.4%) and Federal Bank (up 36.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,827.4 (down 0.2%).

The top losers among the BSE Sensex today are Infosys (down 1.4%) and M&M (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,827.4, registering a gain of 15,778.3 points (up 24.6%).

Federal Bank Financial Update...

Federal Bank net profit grew 10.4% YoY to Rs 11,045 million for the quarter ended September 2024, compared to a profit of Rs 10,002 million a year ago. Net sales rose 21.0% to Rs 70,057 million during the period as against Rs 57,913 million in July-September 2023.

For the year ended March 2024, Federal Bank reported 21.3% increase in net profit to Rs 38,379 million compared to net profit of Rs 31,645 million during FY23. Revenue of the company grew 32.3% to Rs 235,655 million during FY24.

The current Price to earnings ratio of Federal Bank, based on rolling 12 month earnings, stands at 11.3.


Equitymaster requests your view! Post a comment on "Federal Bank Gains 6%; BSE BANKEX Index Up 0.2%". Click here!