Accumulate Federal Bank; target of Rs 142: Geojit Research

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Geojit Research's research report on Federal Bank

PAT grew 31% YoY in Q2FY18, better than estimated supported by robust 24% YoY growth in Net Interest Income (NII). Loan book grew 25%YoY with strong growth across Retail, SME and Corporate segments, while deposits grew 13% YoY. Asset quality was stable with GNPA and NNPA at 2.39% & 1.32% respectively, and we factor 52bps improvement in GNPA by FY19E. Robust retail network and market share gains across segments will lead to 20% CAGR in loan book and 36% CAGR in earnings over FY17-19E.

Outlook

On robust operating performance and healthy earnings outlook we increase our valuation to 2.1x FY19E adjusted BV and recommend Accumulate with a revised target price of Rs 142.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More