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Last Updated : May 07, 2019 01:39 PM IST | Source: Moneycontrol.com

Buy Federal Bank; target of Rs 118: Sharekhan

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.

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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.


Outlook


We maintain our Buy recommendation with a revised price target of Rs. 118.


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.



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First Published on May 7, 2019 01:39 pm
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