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Federal Bank gains on tying up with Saudi Arabia-based bank

05 Jul 2012 Evaluate

Federal Bank is currently trading at Rs. 452.00, up by 0.60 points or 0.13% from its previous closing of Rs. 451.40 on the BSE.

The scrip opened at Rs. 450.10 and has touched a high and low of Rs. 452.95 and Rs. 450.10 respectively. So far 562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 480.00 on 14-Feb-2012 and a 52 week low of Rs. 322.10 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 458.65 and Rs. 445.05 respectively. The current market cap of the company is Rs. 7728.78 crore.

The Institutions holding in the company stood at 63.08% while Non-Institutions held 34.50%.

Federal Bank, a Kerala-based private sector bank has inked pact with Samba, the Saudi Arabia-based bank for disposal of cash remittances. As per the deal remittances received through the Samba Bank under ‘SpeedCash Now’ can be en-cashed by the recipients from any of the Federal Bank branches up to Rs 50,000 per remittance. The bank through 67 remittance tie ups with major exchange houses and banks is having its presence in inward remittance in Gulf countries.

The bank has registered a growth of 38.38% in its net profit at Rs 237.63 crore for the fourth quarter ended March 31, 2012 as compared to Rs 171.72 crore for the same quarter in the previous year. Total income has increased by 32.09% at Rs 1639.57 crore for quarter under review as compared Rs 1241.21 crore for the quarter ended March 31, 2011.

 

Federal Bank Share Price

289.00 2.00 (0.70%)
04-May-2026 16:59 View Price Chart
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