Trending stocks: Shares of Federal Bank gain 1.6%

NEW DELHI: Shares of Federal Bank traded 1.6 per cent up in Tuesday's trade at 11:17 am. Around 58,60,523 shares changed hands on the counter. The stock opened at Rs 42.1 and touched an intraday high and low of Rs 42.4 and Rs 40.75, respectively, in the session so far.

Federal Bank's board approved an investment of Rs 148 crore in its arm Fedbank Financial Services through a rights issue, to infuse regulatory capital.

The stock quoted a 52-week high of Rs 110.4 and a 52-week low of Rs 35.75.


Financials
Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 8110.14 crore).

For the quarter ended Dec 2019, the company reported a net sales of Rs 2786.01 crore and net profit of Rs 451.72 crore.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3656.57 crore and Net Non Performing Assets (Net NPAs) of Rs 1973.79 crore.

Federal Bank key products/revenue segments include interest & discount on advances & bills which contributed Rs 9089.62 crore to sales value (79.60 per cent of total sales), income from investment which contributed Rs 2037.45 crore to sales value (17.84 per cent of total sales) and interest which contributed Rs 218.49 crore to sales value (1.91 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 0.0 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 4.9 and price to book value of 0.6.