FEDERAL BANK STOCK NEWS
Federal Bank shares rise 1.12% as Nifty drops
The stock quoted a 52-week high price of Rs 189.3 and a 52-week low of Rs 126.45.
Hemang Jani on 7 bank and FMCG stocks to look at now
Among the FMCG companies, Hemang Jani at this point would be looking at Marico or Dabur. Both have come out with a reasonably good set of numbers. Also, post that controversy, Nestle looks quite compelling in terms of the valuations. Among platform companies, Zomato and Policybazaar are showing much better traction in terms of overall parameters.
Stocks in news: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur
Markets uptrend; focus stocks: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur, BigBloc Construction, Tinna Rubber and Infra, ASM Technologies. Punjab & Sind Bank to open 100 branches. PC Jeweller’s settlement approved. Tata Motors 5% growth. Union Bank and Bank of Baroda growth. AB Capital COO retires. Nykaa 22-23% revenue growth. Adani Wilmar 13% volume growth.
Shares of Federal Bank rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 154.28.
Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
Federal Bank leads in credit expansion among Kerala-based lenders
Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.
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Technical Breakout Stocks: How to trade HDFC Bank, Glenmark Life and Federal Bank on Thursday?
Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a fresh record high above 80,000 for the first time while the Nifty50 climbed above 24300 levels. The Nifty50 rose 162 points to close at 24286 while the S&P BSE Sensex closed with gains of 545 points at 79,986.
Nifty Bank hits fresh record high, climbs above Mt 53K; use dips to buy: Experts
HDFC Bank, Kotak Bank, Federal Bank and Bandhan Bank saw heavy buying while AU Small Finance Bank saw selling pressure. The bank index breached its crucial resistance level of 53,000, triggering a short covering move in the index. Traders are advised to use dip to go long in the index.
Federal Bank leads in loan expansion among Kerala banks in Q1
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.
Federal Bank shares up 4% after deposits surge 20% YoY
Federal Bank's stock skyrockets to an all-time high of Rs 183.25 in June 2024, driven by impressive growth in customer deposits, credit books, and CASA numbers. The bank's stock performance continues to soar, surpassing exponential moving averages, as per Trendlyne data.
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
Nifty bull case target at 27K, says Axis Securities; bets on HDFC Bank, Bharti Airtel, others
Axis Securities expects reduced volatility and a smooth US market landing, targeting Nifty at 27,000 for March 2025 (bull case) and 24,600 (base case). They recommend stocks like HDFC Bank, ICICI Bank, Coal India, Nestle India, SBI, HCL Tech, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, among others.
Federal Bank rises 0.81% as Sensex climbs
The stock traded at a P/E multiple of 11.13, while the price-to-book value ratio stood at 1.18.
Stocks in news: JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank Of Baroda, IREDA
Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.
Federal Bank shares rise 0.64% as Nifty gains
The stock quoted a 52-week high price of Rs 179.8 and a 52-week low of Rs 121.65.
Federal Bank shares gain 0.5% as Sensex rises
On the technical charts, the RSI of the stock stood at 66.21.
Unstoppable bull run! Sensex, Nifty hit lifetime highs for 4th straight day on solid global cues
Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.
Shares of Federal Bank rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 152.13.
F&O stocks: Federal Bank, Sun TV among 5 stocks with short buildup
In Thursday's trading session, the following five stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.
F&O stocks to buy today: RIL, Federal Bank among top 9 trading ideas for 13 June 2024
Thursday's trading session in the Indian market is anticipated to see upward movement, following robust global market indicators.
Federal Bank shares gain 3.97% as Sensex rises
A total of 930,153 shares changed hands on the counter till 01:03PM (IST)
Federal Bank shares rise 1.51% as Nifty gains
The stock quoted a 52-week high price of Rs 170.25 and a 52-week low of Rs 120.9.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs led by gains in RIL & banking stocks
Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
Shares of Federal Bank fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 150.13.
Bond yields climb, stocks under pressure as Fed cut doubts resurface
U.S. Treasury yields rose, impacting global markets. Crude oil climbed ahead of the OPEC+ meeting. Improved U.S. consumer confidence added uncertainty to Fed rate cut expectations.
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