Buy Federal Bank, target price Rs 225: HDFC Securities

economictimes.indiatimes.com:

Federal Bank with a target price of Rs 225. The current market price of Federal Bank Ltd. is Rs 185.65.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 45371.92 Crore).

Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 7663.65 Crore, up 7.20 % from last quarter Total Income of Rs 7149.12 Crore and up 25.82 % from last year same quarter Total Income of Rs 6091.08 Crore. The bank reported net profit after tax of Rs 1027.51 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 28.63 per cent, DIIs 44.96 per cent.