Federal Bank Share Price: Shares of Federal Bank rise as Nifty gains

Shares of Ltd. gained 0.62 per cent to Rs 80.65 in Wednesday’s trade as of 11:27AM (IST). It hit a high of Rs 80.9 and low of Rs 80.15 during the session.

The stock quoted a 52-week high price of Rs 92.4 and a low of Rs 45.4. The return on equity for the stock stood at 10.08 per cent. About 218,545 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.25.

The scrip has been an underperformer, up 43.0 per cent in the past one year in comparison with a 46.19 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 45.4 on August 25, while the 50-DMA was at Rs 85.67. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 0.0 per cent stake in Federal Bank Ltd. as of 27-Jul-2021. Mutual funds and foreign institutional investors held 31.58 per cent and 27.18 per cent stake.

Source Link