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.
is Rs 89.65 .
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).
Federal Bank Ltd.
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.Buy Punjab National Bank, price target Rs 72: Manas JaiswalBuy LIC Housing, price target Rs 490: Manas JaiswalBuy Amara Raja Batteries, price target Rs 810: Manas JaiswalBuy Tata Power, price target Rs 60: Manas JaiswalBuy ICICI Bank, price target Rs 540: Manas JaiswalCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com.
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