|
31 Aug 2025 |
Federal Bank
|
Consensus Share Price Target
|
191.71 |
223.76 |
- |
16.72 |
buy
|
|
|
|
|
08 May 2023
|
Federal Bank
|
Keynote Capitals Ltd
|
191.71
|
170.00
|
128.65
(49.02%)
|
Target met |
Buy
|
|
|
Quarterly Update Q4FY23
|
|
08 May 2023
|
Federal Bank
|
IDBI Capital
|
191.71
|
175.00
|
128.65
(49.02%)
|
|
Buy
|
|
|
|
|
08 May 2023
|
Federal Bank
|
Bonanza
|
191.71
|
170.00
|
128.65
(49.02%)
|
Target met |
Buy
|
|
|
Federal Bank’s Q4FY23 net profit was 12.2% ahead of our estimates driven mainly by a sequentially sharp decline in non-tax provisions (? 1,167mn, (41%) QoQ). Although the core income growth was strong and in-line with estimates, the stock evoked a strong negative reaction driven by the sharp, 18bps QoQ decline in reported NIMs to 3.31%.
|
|
08 May 2023
|
Federal Bank
|
BOB Capital Markets Ltd.
|
191.71
|
165.00
|
128.65
(49.02%)
|
Target met |
Buy
|
|
|
Higher other income plus lower provisions aided 67% YoY PAT growth in Q4; NIM contracted due to deposit repricing
|
|
07 May 2023
|
Federal Bank
|
ICICI Direct
|
191.71
|
160.00
|
127.75
(50.07%)
|
Target met |
Buy
|
|
|
|
|
06 May 2023
|
Federal Bank
|
Prabhudas Lilladhar
|
191.71
|
170.00
|
127.75
(50.07%)
|
Target met |
Buy
|
|
|
|
|
17 Apr 2023
|
Federal Bank
|
Keynote Capitals Ltd
|
191.71
|
164.00
|
131.35
(45.95%)
|
Target met |
Buy
|
|
|
Initiating Coverage Report
|
|
02 Mar 2023
|
Federal Bank
|
ICICI Direct
|
191.71
|
165.00
|
133.35
(43.76%)
|
Target met |
Buy
|
|
|
|
|
01 Mar 2023
|
Federal Bank
|
Axis Direct
|
191.71
|
170.00
|
134.35
(42.69%)
|
|
Buy
|
|
|
The stock currently trades at an attractive valuation of 1.1x Sep'24E ABV. We maintain our target multiple of 1.5x Sep'24E ABV to arrive at a target price of Rs 170/share, implying an upside of 32% from the CMP. We reiterate our BUY recommendation on the stock.
|
|
01 Mar 2023
|
Federal Bank
|
Prabhudas Lilladhar
|
191.71
|
175.00
|
134.35
(42.69%)
|
|
Buy
|
|
|
|