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Federal Bank is our favourite in the mid-cap banking space. Why?

The probable listing of its NBFC subsidiary could be an icing on the cake for the stock of Federal Bank which is still at a very reasonable valuation

January 28, 2022 / 03:29 PM IST
Federal Bank is our favourite in the mid-cap banking space. Why?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Federal Bank’s (CMP: Rs 95, Market Cap: Rs 20,149 crore) Q3 FY22 earnings report was a continuation of the strength exhibited in the past couple of quarters. This convinces us that it is the ideal mid-cap bank to ride the recovery, and there is no better time than now to add this stock at an undemanding valuation. Q3FY22 (image) Source: Company This was in a way a landmark quarter as the bank was able to deliver a quarterly annualised RoA (return on...

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