The Federal Bank is currently trading at Rs. 57.10, up by 0.15 points or 0.26% from its previous closing of Rs. 56.95 on the BSE.
The scrip opened at Rs. 57.10 and has touched a high and low of Rs. 57.25 and Rs. 56.70 respectively. So far 24963 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.73 on 03-Jul-2015 and a 52 week low of Rs. 52.45 on 02-Nov-2015.
Last one week high and low of the scrip stood at Rs. 57.45 and Rs. 55.75 respectively. The current market cap of the company is Rs. 9837.56 crore.
The Institutions and Non-Institutions held 68.04% and 30.12% respectively.
Federal Bank has entered into a Memorandum of Understanding (MoU) with Edelweiss Integrated Commodity Management (EICML) for extending collateral management in commodity financing. This MoU is expected to benefit farmers, traders and processors who are in need of finance, against the pledge of commodities instead of sale at low prices. EICML is one of the leading collateral management service providers with a pan-India presence.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.
