Federal Bank is currently trading at Rs. 84.10, up by 0.80 points or 0.96% from its previous closing of Rs. 83.30 on the BSE.
The scrip opened at Rs. 84.05 and has touched a high and low of Rs. 85.70 and Rs. 83.10 respectively. So far 10,68,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.30 on 03-Feb-2017 and a 52 week low of Rs. 41.35 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 86.30 and Rs. 81.80 respectively. The current market cap of the company is Rs. 14,468.00 crore.
The Institutions and Non-Institutions held 58.60% and 41.40% respectively in the company.
Federal Bank has entered into partnership with online data and information portal Commodity Online for the distribution of loans against warehouse receipts and collateral management services across the country.
Commodity Online will roll out an agri-commodity financing platform through its flagship portal commodityonline.com where farmers and traders can track commodity markets and warehouses online and get financing for their commodities quickly.
Federal Bank, the private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 lakh crore as at March 31, 2016.