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%).
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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 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.
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