Federal Bank Stock: Buy Federal Bank, target price Rs 135: Prabhudas Lilladher

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Prabhudas Lilladher has a buy call on Federal Bank with a target price of Rs 135. The current market price of . is Rs 119.65. The period given by the analyst is one year when the price Ltd. can achieve the set goal.

Federal Bank Ltd., incorporated in 1931, is a banking company (having a market capitalization of Rs 25210.56 Crore).

The main products/revenue segments of Federal Bank Ltd. include interest and discounts on advances and bills, income from investments, interest and interest on balances with RBI and other interbank funds for the year ending March 31, 2022.

finance

For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 4318.17 Crore, up 3.54% from last quarter, total revenue of Rs 4170.55 Crore and up up 4.11% from the same quarter last year, total revenue of Rs 4147.77 Crore. The bank reported a net profit after tax of Rs 634.22 Crore last quarter.


Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of June 30, 2022, while the FIIs held 26.2% and the DIIs 42.12%.

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