Federal Bank goes up and up on Tuesday

DSIJ Intelligence / 02 May 2017

Federal Bank goes up and up on Tuesday

Stock of Federal Bank soared high during the first half of Tuesday’s trading session when other banks' stocks were not doing very impressive.

Stock of Federal Bank soared high during the first half of Tuesday’s trading session when other banks' stocks were not doing very impressive.

Federal Bank has recently reported the financial results for the quarter ended on March 31, 2017. It reported rise in its net profit by 25 times on Q-o-Q basis. It is evident that retail investors are happy with the the strong quarterly results posted by the Bank. The stock has touched its fresh 52-week high of Rs 115.3 per share up by 7.3% on Tuesday.

As of 1121 hours on Tuesday, on NSE, the stock attracted the volume of 3,35,21,187 shares and traded value of Rs 380.53 Cr.

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