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    HomeNewsBusinessStocksPrefer Federal Bank, says Gaurang Shah

    Prefer Federal Bank, says Gaurang Shah

    Gaurang Shah of Geojit Financial Services is of the view that one may prefer Federal Bank.

    August 14, 2017 / 15:45 IST

    Gaurang Shah of Geojit Financial Services told CNBC-TV18, "We don't have specific coverage on Religare Enterprises. I don’t know whether there will be any turnaround or not anytime soon, but I can suggest a shift over here. If one wants, as an alternative investment idea I would suggest Federal Bank wherein we have a coverage with a target of Rs 125-135."

    Federal Bank ended at Rs 108.70, up Rs 3.20, or 3.03 percent.

    The share touched its 52-week high Rs 122.40 and 52-week low Rs 61.85 on 16 June, 2017 and 26 December, 2016, respectively.

    first published: Aug 14, 2017 03:44 pm

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