Manas Jaiswal of manasjaiswal.com has a buy call on Federal Bank Ltd.
with a target price of Rs 99.
The current market price of Federal Bank Ltd.
is Rs 94.85 Time period given by analyst is Intra Day when Federal Bank Ltd.
price can reach defined target.
Manas Jaiswal recommended to keep stoploss at Rs 93.
Federal Bank Ltd., incorporated in 1931, has a market cap of Rs 18817.34 crore.
Federal Bank Ltd.
key Products/Revenue Segments include Interest Discount on Advances Bills which contributed Rs 7538.78 Crore to Sales Value (77.29 % of Total Sales), Income From Investment which contributed Rs 1917.44 Crore to Sales Value (19.66 % of Total Sales), Interest which contributed Rs 200.83 Crore to Sales Value (2.05 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 95.82 Crore to Sales Value (0.98 % of Total Sales)for year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3184.53 Crore (3.11 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1796.29 Crore (1.78% of total assets).
For quarter ended 30-09-2018, company has reported a Standalone Interest Income of Rs 2210.51 Crore, up 6.30 % from last quarter Interest Income of Rs 2079.44 Crore and up 18.91 % from last year same quarter Interest Income of Rs 1859.00 Crore.
The bank has reported net profit after tax of Rs 266.04 Crore in latest quarter.