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Federal Bank surges on the bourses

19 Sep 2016 Evaluate

The Federal Bank is currently trading at Rs. 74.00, up by 1.65 points or 2.28% from its previous closing of Rs. 72.35 on the BSE.

The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 74.20 and Rs. 72.25 respectively. So far 242430 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.15 on 07-Sep-2016 and a 52 week low of Rs. 41.35 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 70.00 respectively. The current market cap of the company is Rs. 12512.02 crore.

Institutions and Non-Institutions held 43.98% and 56.02% respectively.

Federal Bank, a Kerala based private sector bank has launched its new FederalSkill Academy at Coimbatore (Tamil Nadu), as part of its CSR initiatives. The new academy will be initially providing an in-demand CNC Machine Operator Certificate Course in Milling & Turning, which will be certified by Coindia. The initiative will facilitate underprivileged students to successfully complete the courses, and get employment opportunities both in India as well as abroad.

Students of 18-25 years age, who have passed Plus 2/ITI / Polytechnic/Degree or Engineering dropout students and whose annual family income does not exceed Rs 2 lakh per annum, are eligible to apply for the course. Applicants will be shortlisted based on an aptitude test and interview.

Federal Bank has reported 18.33% rise in its net profit at Rs 167.31 crore for the quarter ended June 30, 2016 as compared to Rs 141.39 crore for the same quarter in the previous year. Total income of the bank has increased by 6.82% at Rs 2250.81 crore for quarter under review as compared to Rs 2107.09 crore for the quarter ended June 30, 2015.

 

 

 

 

Federal Bank Share Price

297.30 0.20 (0.07%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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