Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 118 in its research report dated May 06, 2019.
Sharekhan's research report on Federal Bank
Federal Bank (FEDBK) posted strong results for Q4FY2019 with robust operational performance, but more notably, its asset-quality performance improved. The bank's GNPA and NNPAs have improved on a q-o-q and y-o-y basis in percentage as well as in absolute terms, with multi-quarter low slippages and stressed pool contracting sequentially. The bank maintained stable net interest margin (NIMs) at 3.17%, helped by strong retail business.
We maintain our Buy recommendation with a revised price target of Rs. 118.
For all recommendations report, click here
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