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Last Updated : Apr 04, 2019 07:53 AM IST | Source: Moneycontrol.com

Buy Federal Bank; target of Rs 110: Sharekhan

Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 110 in its research report dated April 03, 2019.

Broker Research @moneycontrolcom

Sharekhan's research report on Federal Bank


Federal Bank’s (FEDBK) strategy to have a pan-India presence will drive growth and granularity of its loan book. Bank has been proactive in recognising stress and has been actively trying to improve the quality of its book. FEDBK’s efforts to diversify its income source by investments in related businesses, adding new streams to fee and other income are bearing fruits.


Outlook


We upgrade our rating to Buy with a revised PT of Rs. 110.


For all recommendations report, click here


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First Published on Apr 4, 2019 07:53 am
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