Federal Bank Ltd rises for third consecutive session

Federal Bank Ltd gained for a third straight session today. The stock is quoting at Rs 198.44, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 25332.7. The Sensex is at 82679.48, up 0.36%. Federal Bank Ltd has risen around 1.35% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has risen around 0.61% in last one month and is currently quoting at 55147.6, up 0.45% on the day. The volume in the stock stood at 24.98 lakh shares today, compared to the daily average of 53.2 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 198.61, up 0.83% on the day. Federal Bank Ltd is up 6.74% in last one year as compared to a 0.18% drop in NIFTY and a 5.01% drop in the Nifty Bank index.

The PE of the stock is 12.37 based on TTM earnings ending June 25.

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