Moneycontrol
Last Updated : Jan 16, 2018 04:16 PM IST | Source: CNBC-TV18

Hold Federal Bank, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Federal Bank.

CNBC TV18 @moneycontrolcom

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "In Federal Bank the big cut coming in today post the numbers and there was that -- what the management clarified was an education loan that may go bad which sort of affected the numbers. So I think in light of that and if you look at the overall quality of earnings of Federal Bank, I think those were fairly strong. So looking at that I think one can continue to hold."

The share touched its 52-week high Rs 127.75 and 52-week low Rs 72.60 on 17 October, 2017 and 16 January, 2017, respectively.

Currently, it is trading 18.16 percent below its 52-week high and 44.01 percent above its 52-week low
First Published on Jan 16, 2018 03:41 pm
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