|
23 Sep 2025 |
Federal Bank
|
Consensus Share Price Target
|
195.13 |
223.85 |
- |
14.72 |
buy
|
|
|
|
|
16 Jan 2024
|
Federal Bank
|
Sharekhan
|
195.13
|
170.00
|
145.90
(33.74%)
|
Target met |
Buy
|
|
|
|
|
19 Oct 2023
|
Federal Bank
|
BOB Capital Markets Ltd.
|
195.13
|
180.00
|
146.85
(32.88%)
|
Target met |
Buy
|
|
|
Continued healthy business momentum in Q2, with reported PAT rising 35% YoY on lower provisions
|
|
17 Oct 2023
|
Federal Bank
|
Prabhudas Lilladhar
|
195.13
|
180.00
|
148.40
(31.49%)
|
Target met |
Buy
|
|
|
|
|
17 Oct 2023
|
Federal Bank
|
ICICI Securities Limited
|
195.13
|
175.00
|
148.55
(31.36%)
|
Target met |
Buy
|
|
|
Federal Bank reported a healthy set of Q2FY24 numbers with strong loan/core fee growth and strong asset quality, though broadly stable NIM QoQ was bit softer. Despite strong deposits franchise, Federal’s NIM performance in the current cycle has been relatively soft, which seems partly due to the bank’s pursuit for growth and pressure on the share of CASA + granular deposits.
|
|
17 Oct 2023
|
Federal Bank
|
Axis Direct
|
195.13
|
180.00
|
148.40
(31.49%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
17 Oct 2023
|
Federal Bank
|
IDBI Capital
|
195.13
|
195.00
|
148.40
(31.49%)
|
Target met |
Buy
|
|
|
|
|
16 Oct 2023
|
Federal Bank
|
Motilal Oswal
|
195.13
|
170.00
|
148.55
(31.36%)
|
Target met |
Buy
|
|
|
|
|
04 Oct 2023
|
Federal Bank
|
Sharekhan
|
195.13
|
170.00
|
145.50
(34.11%)
|
Target met |
Buy
|
|
|
|
|
14 Jul 2023
|
Federal Bank
|
Prabhudas Lilladhar
|
195.13
|
175.00
|
129.30
(50.91%)
|
Target met |
Buy
|
|
|
|
|
14 Jul 2023
|
Federal Bank
|
Bonanza
|
195.13
|
160.00
|
129.30
(50.91%)
|
Target met |
Buy
|
|
|
Federal Bank’s Q1FY24 net profit was 42.1% in-line with our estimates driven mainly by a 35% YoY growth in operating profit. However, the stock evoked a strong negative reaction driven by continuous decline in margin by 16bps QoQ to 3.16%.
|