Federal Bank is currently trading at Rs. 85.45, up by 1.30 points or 1.54% from its previous closing of Rs. 84.15 on the BSE.
The scrip opened at Rs. 84.50 and has touched a high and low of Rs. 85.70 and Rs. 84.45 respectively. So far 279128 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.35 on 03-Jul-2019 and a 52 week low of Rs. 78.40 on 22-Feb-2019.
Last one week high and low of the scrip stood at Rs. 87.45 and Rs. 83.05 respectively. The current market cap of the company is Rs. 17032.77 crore.
The Institutions holding in the company stood at 70.39%, while Non-Institutions held 29.61%.
Federal Bank has teamed up with Maruti Suzuki to provide dealer finance and auto retail finance to customers. The tie-up will offer comprehensive loan access facilities to Maruti dealers as well as customers. Earlier, in August 2019, Maruti had partnered with Federal Bank for dealer inventory funding.
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.
