The Federal Bank is currently trading at Rs. 71.15, up by 0.95 points or 1.35% from its previous closing of Rs. 70.20 on the BSE.
The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 71.25 and Rs. 70.05 respectively. So far 242200 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 127.75 on 17-Oct-2017 and a 52 week low of Rs. 67.05 on 05-Oct-2018.
Last one week high and low of the scrip stood at Rs. 73.35 and Rs. 67.05 respectively. The current market cap of the company is Rs. 13917.67 crore.
The Institutions and Non-Institutions holdings in the company stood at 68.11% and 31.89%, respectively.
Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North.
Earlier in May, the board of the Bank had approved 26% strategic investment by True North in Fedfina.
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. It offers personal, corporate, NRI, SME banking, online banking services to its customers.
| 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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