Federal Bank Ltd up for third consecutive session

Federal Bank Ltd is up for a third straight session today. The stock is quoting at Rs 87.9, up 2.93% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 15277. The Sensex is at 51893.76, down 0.4%. Federal Bank Ltd has gained around 22.77% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent has gained around 16.81% in last one month and is currently quoting at 37098.4, up 0.17% on the day. The volume in the stock stood at 191.34 lakh shares today, compared to the daily average of 349.75 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 87.85, up 2.69% on the day. Federal Bank Ltd is up 7.39% in last one year as compared to a 27.39% jump in NIFTY and a 21.59% jump in the Nifty Bank index.

The PE of the stock is 12.07 based on TTM earnings ending December 20.

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