Rekha Jhunjhunwala portfolio
Federal Bank shares hit a 52-week high of Rs 197.20 on July 12, 2024. Rekha Rakesh Jhunjhunwala, wife of late Rakesh Jhunjhunwala, held 3.83 crore shares or 1.59% stake in the private bank as of March 2024 quarter.
The shareholding data also showed that late Rakesh Jhunjhunwala held 1.02% stake or 2.45 crore shares in his name in the fourth quarter of the previous fiscal.
Federal Bank Share Price Today
Federal Bank share price opened at Rs 196.60 on Friday. The stock touched an intraday high of Rs 197.20 and a low of Rs 193.80. The stock closed at Rs 195.50, up 1.45 per cent. The private lender has a market capitalization of Rs 47,840.46 crore.
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Federal Bank Q4 Results
Kerala-based Federal Bank reported a net profit of Rs 906.30 crore in Q4 FY24, up from Rs 902.6 crore in Q4 FY23. Net Interest Income grew by 14.97% to Rs 2,195.11 crore from Rs 1,909.29 crore in the same quarter last year. Total Income stood at Rs 6,732.23 crore as against Rs 5,454.60 crore in the same quarter of FY23. EPS in the results stood at Rs 14.97. Operating profit stood at Rs 1,110.35 crore as against Rs 1,334.57 crore in the same quarter last year. Total business of the Bank as on March 31, 2024, was Rs 4,61,937.36 crore as against Rs 3,87,832.93 crore as on March 31, 2023, an increase of 19.11%. Deposits grew 18.35% to Rs 2,52,534.02 crore as of March 31, 2023, from Rs 2,13,386.04 crore.
Federal Bank Share Price Target 2024
Brokerage firm, Antique Stock Broking Ltd has given a buy rating to the stock of the private lender in its July 12 report. The brokerage firm has set a target price of Rs 200 at a CMP of Rs 193 with an upside of 4 per cent.
Disclaimer: Equity market is risky, so invest at your own risk. Before investing, take expert advice. The advice given here is based on the report of ET Now Swadesh and the opinion on the stock is based on the information given to ET Now Swadesh by market experts. Times Now Navbharat.com is not giving any advice on investment.