Federal Bank Ltd. traded 0.03 per cent down at Rs 147.95 at 01:03PM (IST) on Monday, even as BSE benchmark Sensex dropped 161.56 points to 65633.17.
The stock had closed at Rs 148.0 in the previous session.
The stock quoted a 52-week high price of Rs 155.15 and 52-week low of Rs 120.9, respectively. As per BSE data, total traded volume on the counter till 01:03PM (IST) stood at 186154 shares with a turnover of Rs 2.75 crore.
At the current price, the stock traded at 9.77 times its trailing 12-month earnings per share of Rs 15.14 per share and 1.27 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 1.25.
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Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 29.12 per cent and DIIs 35.21 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 53.61. The RSI oscillates between zero and 100.