Angel Broking has buy call on with a target price of Rs 110. The current market price of Federal Bank Ltd. is Rs 86.85.
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 17304.06 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4088.77 Crore, down -1.03 % from last quarter Total Income of Rs 4131.32 Crore and up 6.63 % from last year same quarter Total Income of Rs 3834.71 Crore. The bank reported net profit after tax of Rs 418.14 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 37.7 per cent and public and others 36.5 per cent.
