Federal Bank shares 0.18% as Sensex rises
Federal Bank Ltd. traded 0.18 per cent at Rs 213.15 at 02:08PM (IST) on Wednesday, even as BSE benchmark Sensex 382.97 points to 80387.03.
The scrip had settled at Rs 213.55 in the previous session. The stock quoted a 52-week high price of Rs 214.40 and 52-week low of Rs 139.45, respectively. As per BSE data, total traded volume on the counter till 02:08PM (IST) stood at 151412 shares with a turnover of Rs 3.21 crore.
At the prevailing price, the stock traded at 12.66 times its trailing 12-month earnings per share of Rs 16.84 per share and 1.21 times its price-to-book value, exchange 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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