Wednesday 13 January 2016

Federal Bank gains 4%; Q3 profit tanks 38%

The bank has posted a net profit of Rs. 1627.20 mn for the quarter ended December 31, 2015 as compared to Rs. 2646.90 mn for the quarter ended December 31, 2014.


Federal Bank
Federal Bank was up 4% at Rs.49. The bank has posted a net profit of Rs. 1627.20 mn for the quarter ended December 31, 2015 as compared to Rs. 2646.90 mn for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 20900.10 mn for the quarter ended December 31, 2014 to Rs. 20860.70 million for the quarter ended December 31, 2015.

The scrip opened at Rs. 48.25 and has touched a high and low of Rs. 51 and Rs. 47.85 respectively. So far 6230172(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8292.3 crore.

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. 47.45 on 12-Jan-2016. Last one week high and low of the scrip stood at Rs. 56.3 and Rs. 47.45 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 68.04 % and 30.12 % respectively.

The stock is currently trading above its 200 DMA.

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