On National Stock Exchange (NSE), Federal Bank Ltd is quoting Rs 138.45, up 0.44%. The stock gained 62.5% in 2021, compared with Nifty’s gain of 8.34% and Nifty Bank’s gain of 21.85%.
On December 16, 2022, Federal Bank Ltd is up for a fifth session. The stock is at Rs 138.45, up 0.44%. The benchmark Nifty is down around 0.07%. The Sensex went down 0.05%. Federal Bank Ltd added around 2.59% in November.
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Meanwhile, the Nifty Bank index, which includes Federal Bank Ltd, has added nearly 2.22% in November and down 0.22% recently. The volume in the stock stood at 99.47 lakh shares as on December 16, 2022 as compared to the daily average of 101.15 lakh shares in November. In December futures contract, the stock is quoted at Rs 138.85, up 0.22%. Federal Bank Ltd. is up 62.5% in 2021 compared to 8.34% gain in Nifty, 21.85% gain in Nifty and 21.85% gain in Nifty Bank Index.
As of the end of September, the stock traded at a price-to-earnings ratio of 12.31 based on TTM earnings.
