Rekha Jhunjhunwala portfolio: Federal Bank shares hit life-time high on second day in a row. Experts see more upside

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Rekha Jhunjhunwala portfolio: Federal Bank shares are one of those Rekha Jhunjhunwala stocks that has delivered starggering returns to its shareholders after bottoming out during Covid-19 sell off. In post-Covid rebound, this banking share has risen from around ₹37.50 to ₹150 apiece levels in last three years, delviering a whopping 1500 per cent rise in this time.

However, it seems that there is still some steam left in the stock. Federal Bank share price today opened upside and went on to hit intraday high of ₹151.50 apiece levels on NSE, which turned out its new life-time high as well.

Interestingly, this is for the second day in a row as this Rekha Jhunjhunwala portfolio stock had hit new life-time high on Wedneday session as well. Yatra Online share price rebounds from intraday low.

Buy, hold or exit? According to stock market experts, Federal Bank shares are still at attractive valuations and growth theme in this south Indian bank is expected to continue attracting stock market bulls during every dip in this Rekha Jhunjhunwala stock. Marco Cables share price lists at 7.5% premium at ₹38.70 on NSE SME On why Federal Bank shares are skyrocketing in post-Covid rebound, Saurabh Jain, Vice President — Research at SMC Global Securities said, "Federal Bank shares are available at attractive valuations and growth theme after the Q1 results 2023 has worked in favour of this south Indian bank.

It had delivered positive quarterly results as well. So, those who have this stock in their portfolio can hold teh scrip and wait for upcoming Q2 results for the financial year 2023-24." "Exciting news! Mint is now on WhatsApp Channels