Federal Bank shares 0.0% as Sensex rises
Federal Bank Ltd. traded 0.0 per cent at Rs 197.75 at 12:07PM (IST) on Friday, even as BSE benchmark Sensex 306.39 points to 78778.87.
The scrip had settled at Rs 197.75 in the previous session. The stock quoted a 52-week high price of Rs 216.90 and 52-week low of Rs 139.45, respectively. As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 125077 shares with a turnover of Rs 2.48 crore.
At the current price, shares of the company traded at 11.76 times its trailing 12-month earnings per share of Rs 16.84 per share and 1.21 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.2456.
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