Shares of Federal Bank rise as Nifty gains

economictimes.indiatimes.com:

Federal Bank Ltd. gained 0.52 per cent to Rs 154.25 in Tuesday's trade as of 12:32PM (IST). It hit a high of Rs 154.45 and low of Rs 152.85 during the session.
The stock quoted a 52-week high price of Rs 166.65 and a low of Rs 120.9. The return on equity for the stock stood at 14.3 per cent. About 89,079 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.25.
The scrip has been an underperformer, up 17.75 per cent in the past one year in comparison with a 23.52 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 120.9 on April 23, while the 50-DMA was at Rs 152.53. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 0.0 per cent stake in Federal Bank Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 34.52 per cent and 28.29 per cent stake.