Buy Federal Bank, target price Rs 125: Axis Securities

Axis Securities has buy call on Federal Bank with a target price of Rs 125. The current market price of Federal Bank Ltd. is Rs 100.1. Time period given by analyst is one year when Federal Bank Ltd. price can reach defined target.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 20810.08 Crore).

Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 4125.30 Crore, up 2.79 % from last quarter Total Income of Rs 4013.46 Crore and up .89 % from last year same quarter Total Income of Rs 4088.77 Crore. The bank reported net profit after tax of Rs 539.77 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 25.23 per cent, DIIs 41.66 per cent.