INSUBCONTINENT EXCLUSIVE:
Jay Thakkar recommended to keep a stop loss at Rs 92.ETMarkets.com|Updated: Sep 30, 2019, 10.31 AM ISTFederal Bank key products/revenue
segments include interest - discount on advances - bills which contributed Rs 9,089.62 crore to sales value.Jay Thakkar of Anand Rathi has a
buy call on Federal Bank with a target price of Rs 97.5
The current market price of Federal Bank is Rs 91.55
Jay Thakkar recommended to keep a stop loss at Rs 92.
Federal Bank key products/revenue segments include interest - discount on advances -
bills which contributed Rs 9,089.62 crore to sales value (79.60 per cent of total sales), income from investment which contributed Rs
2,037.45 crore to sales value (17.84 per cent of total sales), interest which contributed Rs 218.49 crore to sales value (1.91 per cent of
total sales) and interest on balances with RBI and other inter-bank funds which contributed Rs 73.47 crore to sales value (0.64 per cent of
total sales) for the year ending 31 March, 2019
The bank has reported a gross non performing assets (gross NPAs) of Rs 3,433.75 crore (.00 per cent of total assets) and net non performing
assets (net NPAs) of Rs 1,707.26 crore (.00 per cent of total assets)
For the quarter ended 30-06-2019, the company has reported a consolidated interest income of Rs 2,670.52 crore, up 7.38 per cent from last
quarter interest income of Rs 2487.06 crore and up 25.68 per cent from last year same quarter interest income of Rs 2,124.89 crore
The bank has reported a net profit after tax of Rs 373.71 crore in latest quarter.
Sell Voltas, target Rs 602: Jay ThakkarSell Vedanta,
target Rs 141: Jay ThakkarSell Ceat, target Rs 900: Jay ThakkarBuy Voltas, target price Rs 707: Jay ThakkarIT, pharma to underperform; buy
RIL, Concor for short term: Jay ThakkarCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's
own and does not represent those of economictimes.com - ETMarkets.com
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