INSUBCONTINENT EXCLUSIVE:
The analyst suggested a stoploss at Rs 89.ETMarkets.com|Updated: Nov 29, 2019, 11.57 AM ISTThinkStock PhotosFederal Bank Ltd., incorporated
in the year 1931, is a banking company (having a market cap of Rs 18088.04 Crore)
Manas Jaiswal of manasjaiswal.com has a buy call on Federal Bank Ltd
with a target price of Rs 95.0
The current price of Federal Bank Ltd
Manas Jaiswal recommended to keep a stoploss at Rs 89
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 18088.04 Crore)
key Products/Revenue Segments include Interest - Discount on Advances - Bills which contributed Rs 9089.62 Crore to Sales Value (79.60 % of
Total Sales), Income From Investment which contributed Rs 2037.45 Crore to Sales Value (17.84 % of Total Sales), Interest which contributed
Rs 218.49 Crore to Sales Value (1.91 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs
73.47 Crore to Sales Value (0.64 % of Total Sales)for the year ending 31-Mar-2019
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3653.17 Crore (.00 % of total assets) and Net Non Performing Assets
(Net NPAs) of Rs 1879.41 Crore (.00% of total assets)
For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 2720.87 Crore, up 1.89 % from last quarter
Interest Income of Rs 2670.52 Crore and up 20.51 % from last year same quarter Interest Income of Rs 2257.76 Crore
The bank has reported net profit after tax of Rs 424.40 Crore in latest quarter.
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country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com
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