Buy Federal Bank, target price Rs 100: Motilal Oswal

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Buy Federal Bank, target price Rs 100:  Motilal Oswal


Motilal Oswal has buy call on Federal Bank Ltd. with a target price of Rs 100. The current market price of Federal Bank Ltd. is Rs 78.15.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 15597.61 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 2860.93 Crore, up .25 % from last quarter Interest Income of Rs 2853.76 Crore and up 2.69 % from last year same quarter Interest Income of Rs 2786.01 Crore. The bank reported net profit after tax of Rs 419.67 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 37.7 per cent and public and others 36.5 per cent.





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