Shares of Federal Bank Ltd. slipped 5.38 per cent to Rs 94.9 in Thursday’s trade as of 01:39PM (IST). It hit a high of Rs 97.5 and low of Rs 94.75 during the session.
The stock quoted a 52-week high price of Rs 107.65 and a low of Rs 70.0. The return on equity for the stock stood at 10.08 per cent. About 1,576,505 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 outperformer, up 12.23 per cent in the past one year in comparison with a 6.06 per cent gain in Sensex.
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 70.0 on February 24, while the 50-DMA was at Rs 94.01. 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 31-Dec-2021. Mutual funds and foreign institutional investors held 32.14 per cent and 24.89 per cent stake.
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