/ Federal Bank Stock Soars On Strong Quarterly Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 2 May 2017

The Federal Bank stock is the eye-catcher among the banking stocks in the morning hours on Tuesday. The stock is the top contributor to the BSE Bankex gains. The index has touched an all-time high of 25517.48 level in the Tuesday’s trading session.

The Federal Bank has recently reported the financial results for the quarter ended March 31, 2017. The bank reported a rise in its net profit by 25 times on Q-o-Q basis. The investors in the markets are seen to be cheering the strong quarterly results. The Federal Bank stock has touched its fresh 52-week high of Rs 115.3 per share up by 7.3%.

As of 1121 hours on Tuesday, on NSE, the stock attracted the volume of 3,35,21,187 shares and traded value of Rs 380.53 Cr. The Bank Nifty index has touched a record high of 22492 level on Tuesday.

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