Federal Bank Ltd spurts 3.71%, gains for five straight sessions

Federal Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 350.55, up 3.71% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 22928.65. The Sensex is at 74010.42, down 0.96%. Federal Bank Ltd has added around 5.59% in last one month.

Meanwhile, Nifty Bank index of which Federal Bank Ltd is a constituent, has added around 1.64% in last one month and is currently quoting at 55844, down 0.54% on the day. The volume in the stock stood at 233.93 lakh shares today, compared to the daily average of 75.92 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 350.5, up 3.99% on the day. Federal Bank Ltd is up 54.37% in last one year as compared to a 11.28% fall in NIFTY and a 4.29% fall in the Nifty Bank index.

The PE of the stock is 17.13 based on TTM earnings ending September 26.

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