Federal Bank shares drop 0.32% as Sensex falls
Federal Bank Ltd. traded 0.32 per cent down at Rs 140.1 at 12:43PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 147.19 points to 63727.74.
The stock had closed at Rs 140.55 in the previous session.
The stock quoted a 52-week high price of Rs 152.55 and 52-week low of Rs 120.9, respectively. As per BSE data, total traded volume on the counter till 12:43PM (IST) stood at 73977 shares with a turnover of Rs 1.03 crore.
At the prevailing price, shares of the company traded at 9.25 times its trailing 12-month EPS 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.
Shareholding Details
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 39.78. The RSI oscillates between zero and 100.
