Anand Rathi's Stock Idea
Anand Rathi is Bullish on The Federal Bank Ltd.
Idea Submitted on 16Jul,2019
  • 5 Total Ideas
  • 0 Active Ideas
  • 5 Closed Ideas
  • 0 Friends
  • 0 Followers
  • Avg. Returns
     -8.03%
    Rank
    134
    Success Rate
      60%
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      Buy Federal Bank Idea
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 63.75 (12Mar,20 11:56:am)
     Time Frame
    3year *(Auto)
     Start Price
    107
     Target Price
    130
     Stop Loss
    64.2
     Projected Gain
    23 (21.5% Upside)
     Returns Achieved
    -43.25     -40.42%
     Analysis

    In all major perimeters Federal Bank did well, with PAT, deposits and advances growing respectively 46%, 19% and 18% y/y. However, asset quality slightly deteriorated with GNPA increasing 7bps sequentially to 2.99% and slippages came at 1.5% (of the loan book). We retain our positive view on the bank, given the strong business growth prospects, steady margins and stable credit costs. We retain our Buy recommendation, at a higher TP of 130 (earlier 115).

    • Stoploss not specified.(stoploss of 40% auto inserted)
    • Time period not specified (3 years time period auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Federal Bank
    50.5
    Sentimeter
    Buy Calls: 23 Sell Calls: 3
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