On the technical charts, the 200-day moving average of the stock stood at Rs 114.28.

The stock traded at a P/E multiple of 10.21, while the price-to-book value ratio stood at 1.06.

Rekha Jhunjhunwala now owns 1.17% stake, or 24.50 million, shares in the Kochi-based Federal Bank

​I prefer to go with the commodity consumers, metal consumers, could be automobiles, appliances, engineering construction. I think we should be in a situation or an era of slightly benign commodity prices.

The stock quoted a 52-week high price of Rs 143.35 and a 52-week low of Rs 82.5.

Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 28902.22 Crore).

“Infrastructure businesses normally have a habit of a long gestation period at the beginning, but once the projects get matured, they start generating a steady set of cash flow. That is what one has experienced in various other Adani Group companies including ports, green energy, transmissions and gas distribution.”

The stock has the potential to rise by 12-35% from current levels as per analysts' fresh price targets after the results. On Tuesday, shares of Federal Bank fell 1.1%, surrendering early gains, to close at ₹138.75. It had touched an all-time high of ₹143.40 on Monday.

Motilal Oswal is bullish on Federal Bank recommended buy rating on the stock with a target price of Rs 170 in its research report dated January 16, 2023.

Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 185 in its research report dated January 16, 2023.

Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 29670.00 Crore).

Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 170 in its research report dated January 16, 2023.

2023 will be a strong year of earnings for Indian banks, Morgan Stanley said in a note. Traders can deploy a Barbell strategy that could bring better outcomes this year, said the global brokerage.

HDFC Securities is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 175 in its research report dated January 17, 2023.

Anand Rathi is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 180 in its research report dated January 16, 2023.

YES Securities is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 185 in its research report dated January 16, 2023.

Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.2 per cent, DIIs 42.12 per cent.

Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 175 in its research report dated January 16, 2023.

LKP Research is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 168 in its research report dated January 17, 2023.

Federal Bank Q3 Results: Other income rose 10.3 percent to Rs 534 crore from Rs 484.19 crore in the same period of the previous year.

The volume behaviour is robust as volumes are higher on up days and lower on down days. The lagging span line has surpassed the cloud resistance with conversion and base line heading north hints at a positive momentum.

Federal Bank Q3 result: The Kochi-based private lender reported a net profit of Rs 803.61 crore, up from Rs 521.73 crore in the year-ago quarter

BFSI will drive incremental earnings growth in 3QFY23E aided by healthy business growth, NIM expansion, and benign credit costs, even as opex could remain high due to continuous investments in businesses.

The bank's total income increased to Rs 4,967 crore in the latest December quarter from Rs 3,927 crore in the year-ago period, Federal Bank said in a regulatory filing.Net Interest Income (NII) for the quarter grew by 27.14 per cent to Rs 1,957 crore from 1,539 crore for the quarter ended December 2021.

Federal Bank Q3 result: The Kochi-based private lender reported a net profit of Rs 803.61 crore, up from Rs 521.73 crore in the year-ago quarter

This multibagger stock from the garments and apparels segment is scheduled to meet for its board meeting for considering bonus share issue and stock split. The companys stock in a 1-year period has generated a return of 578

The lender on Saturday reported 19% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 12,259 crore. Net interest income increased nearly 25% on year to Rs 22,988 crore, and this was the best growth seen by the bank in atleast three quarters. Operating profit increased by 13.4% YoY to Rs 19,024 crore. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.

​Indian equities have been underperforming, partly owing to the regional reallocation of money in the new year. This year, foreign portfolio investors have been net sellers to the extent of Rs 14,123 crore in the secondary market.

“The recent recovery in the global markets has failed to impress the participants so far. However, the mood might change if they manage to sustain the gains. To regain some strength, Nifty should decisively cross the 18,100 mark. Meanwhile, participants should restrict positions and prefer a hedged approach,”Ajit Mishra, VP - Technical Research, Religare Broking said.

"On the global front, the US market will remain shut on Monday on account of Martin Luther King Jr Day. However, we will have lots of macro numbers from the US, Europe and China. Apart from this, movement in crude oil prices, US bond yields and the dollar index will be other important factors," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

We still think that the RBI would not turn too restrictive. But we reckon the situation is fluid and the extent of global disruption and disinflation will remain key to the RBIs reaction function ahead,” economist Madhavi Arora at Emkay Global Financial Services said.

Nearly all major S&P sectoral indexes were trading in the green, with Amazon.com Inc and Tesla Inc up 4.0% and 3.8% respectively, and among top boosts to the benchmark S&P 500 index.Gains in both the stocks pushed up the consumer discretionary sector nearly 2%. Only healthcare stocks were an outlier, down marginally

Net Interest Income (NII) is expected to increase by 20.6 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 1,856 crore, according to Emkay.

In the fiscal year 2022 (FY22), the stock brokerage firm Zerodhas net profit increased 87% to Rs 2,094.3 crore from Rs 1,122.3 crore in FY21, while operating revenue jumped to Rs 4,963.7 crore from Rs 2,728.9 crore in the same period, according to its audited financial statement filed with the Ministry of Corporate Affairs (MCA).

These include reduction in excess liquidity, higher value for CASA deposits, and shift towards relatively higher-margin loans and lower slippages driving lower interest income reversals,” Morgan Stanley said.

“It is not like you can buy anything and everything in the universe which is in single or double digit and expect that to be a multibagger. You can fall flat on your face not once, but many times in adventuring into these kind of ideas. But at the same time, there are certain stocks which have the capability of turning out to be a reasonable good investment bet.”

Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 165 in its research report dated January 03, 2022.

A total of 378,707 shares changed hands on the counter till 01:27PM (IST)

PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.

"The bank has managed asset quality well throughout the epidemic, and the bank intends to aggressively extend its footprint through partnerships with fintech companies as well as physical expansion. We value the company at 12.8x FY23 EPS to arrive at the target of 161," the note said.

The primary indicators align with the trend suggesting a continuation in the movement in a comparable period. Hence, Osha Krishan recommends to buy Federal Bank for a target of Rs 148-150.

Hem Securities recommended accumulate rating on Federal Bank with a target price of Rs 161 in its research report dated December 30, 2022.

On the technical charts, the RSI of the stock stood at 57.12.

Nifty opened negative on fear of Covid spread to other countries post China relaxing its zero Covid policy, and remained in pressure for most part of the session. However, last hour buying especially in the banking space pulled Nifty in green with recovery of 200 points from its intraday low