ICICI Direct has a buy call on Federal Bank with TP of Rs. 135

Published by : On : 9/16/2022 10:33:00 AM

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Mumbai : The price of Federal Bank's share has increased by ~12% in the past one year. Thus the brokerage house ICICI Direct has a buy call on the share of Federal Bank with the target price of Rs. 135. Time period given by analyst is one year when Federal Bank Ltd. price can reach defined target. 

Federal Bank Ltd., Which was incorporated in the year 1931, is a banking company and it's having a market cap of Rs. 25,873.17 Crore. The current market price of Federal Bank Ltd. is Rs 121.3.

Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.

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



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