Federal Bank Ltd. decline 0.96% as Sensex slides

Federal Bank Ltd.  decline  0.96% as Sensex  slides

Shares of Ltd. traded at Rs 77.15 on BSE at 12:48PM (IST) on Monday, down 0.96 per cent from previous close.

The scrip quoted a 52-week low price of Rs 35.7 and a high of Rs 92.4.

Earlier, the stock saw a opening in the morning.

A total of 704,847 lakh shares changed hands on the counter till 12:48PM (IST).

The stock of Federal Bank Ltd. commanded a market value of Rs 15408.0 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 10.47, while the price-to-book value ratio stood at 0.55. Return on equity (ROE) was at 10.66 per cent, according to exchange data.

In the BSE500 pack, 241 stocks traded in the green, while 259 stocks were in the red.

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

Promotor/FII Holding

Promoters held 0.0 per cent in Federal Bank Ltd. as of 31-Dec-2020 while foreign and domestic institutional investors owned 21.37 per cent and 29.46 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 62.16 on March 22, while the 50-DMA was at 80.6. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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