Federal Bank is currently trading at Rs. 144.90, up by 3.55 points or 2.51% from its previous closing of Rs. 141.35 on the BSE.
The scrip opened at Rs. 141.45 and has touched a high and low of Rs. 145.00 and Rs. 141.45 respectively. So far 55039 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 154.20 on 04-Mar-2015 and a 52 week low of Rs. 110.65 on 13-Aug-2014.
Last one week high and low of the scrip stood at Rs. 145.15 and Rs. 138.60 respectively. The current market cap of the company is Rs. 12254.25 crore.
The institutions and non-institutions held 68.50% and 29.55% stake in the company, respectively.
Private sector Federal Bank has decided to grow its sales team 12-times as focus on business in the suburbs and the small & medium enterprises (SME) segment requires boots on the ground as digital banking is yet to become a tool to acquire customers in lesser towns.
In this regard, the Kerala-headquartered lender will hire 1,200 people for the sales team and they will be working in the field to acquire customers both in deposits and advances sides. The hiring will be staggered over next three years. The bank also plans to add 50-60 branches every year in the suburbs. It has 1,250 branches, almost half of these being in Kerala.
The bank posted a rise of 1.17% in its net profit at Rs 280.53 crore for the quarter ended March 31, 2015 as compared to Rs 277.29 crore for the same quarter in the previous year. Total income of the bank increased by 9.77% at Rs 2214.28 crore for quarter under review as compared to Rs 2017.12 crore for the quarter ended March 31, 2014.
| Company Name | CMP |
|---|---|
| HDFC Bank | 781.20 |
| ICICI Bank | 1264.80 |
| Axis Bank | 1269.40 |
| Kotak Mahindra Bank | 380.75 |
| Indusind Bank | 949.85 |
| View more.. | |
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