Shares of Federal Bank rise as Nifty gains
Federal Bank Ltd. gained 2.15 per cent to Rs 144.85 in Monday's trade as of 10:05AM (IST). It hit a high of Rs 145.2 and low of Rs 142.2 during the session.
The stock quoted a 52-week high price of Rs 159.25 and a low of Rs 120.9. The return on equity for the stock stood at 14.3 per cent. About 403,632 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 9.69 per cent in the past one year in comparison with a 17.77 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 January 29, while the 50-DMA was at Rs 150.95.
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.
