Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 16328.53 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.
Investment Rationale
Federal Bank has retested its previous swing low at 70. The stock has also given a confirmation of a double top breakout. Currently, the stock has given a follow through to this Double bottom breakout.
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.
