Trending stocks: Federal Bank shares down over 1%

NEW DELHI: Shares of Federal Bank traded 1.15 per cent down in Wednesday 's trade at 11:34AM (IST).

Around 12589869 shares changed hands on the counter. The stock opened at Rs 43.95 and touched an intraday high and low of Rs 43.95 and Rs 42.0 , respectively, in the session so far.

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


The bank will buy additional stake of up to 4% in IDBI Federal Life Insurance from IDBI Bank.

Financials
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 8648.16 Crore).

Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 9089.62 Crore to Sales Value (79.60 % of Total Sales), Income From Investment which contributed Rs 2037.45 Crore to Sales Value (17.84 % of Total Sales) and Interest which contributed Rs 218.49 Crore to Sales Value (1.91 % of Total Sales)for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 5.15 and price to book value of 0.63 .