Buy Fedbank Financial Services, target price Rs 184: ICICI Securities

ICICI Securities has buy call on Fedbank Financial Services with a target price of Rs 184. The current market price of Fedbank Financial Services Ltd. is Rs 129.7.

Fedbank Financial Services Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 4785.37 Crore) operating in NBFC sector.

Fedbank Financial Services Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income and Income From Financial Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company has reported a Standalone Total Income of Rs 429.45 Crore, up 7.92 % from last quarter Total Income of Rs 397.95 Crore and up 34.67 % from last year same quarter Total Income of Rs 318.89 Crore. Company has reported net profit after tax of Rs 65.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 61.65 per cent stake in the company as of 31-Dec-2023, while FIIs owned 2.54 per cent, DIIs 22.64 per cent.