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FEDERAL BANK LTD.FEDERAL BANK LTD.FEDERAL BANK LTD.

FEDERAL BANK LTD.

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FEDERALBNK trade ideas

Classic chart structure... completion of consolidation..breakoutFederal Bank is a low hanging fruit with low valuations. Consolidation has been completed and give breakout above 125. Sustaining above that and retesting 135levels. Avg accumulation between 125-135 is a reasonable range with limited down side. Potential upside nearly 200 in 3-4qtrs. More importantly fed bank IPO will have ofs of ~500cr which Federal Bank will have liquid cash to strengthen its capital adequacy limits and strengthen balance sheet. Mutual fund have increased stakes since july23. Delivery percentage has gone up since july23 consistently. Current PE of 9 can scale upto 10/11 on account of growing business near team targets are 175-180 in next 6months. It's just my analysis not a recommendation to take trade before doing your own analysis.
NSE:FEDERALBNKLong
by robin-bull
federal bankBajaj Holdings & Investment BAJAJHLDNG acquired an additional 0.41% stake in Federal Bank ( FEDERALBNK for 129.6 million Indian rupees, according to a Wednesday filing. With this acquisition, the company now holds a 0.17% stake in Federal Bank as on Aug. 2. Fedbank Financial Services, also known as FedFina, a subsidiary of Federal Bank has filed a draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India for its proposed initial public officer, according to local media reports on Thursday. The IPO includes a fresh issue of equity shares of up to 7.50 billion rupees and an offer for sale of up to 70.3 million shares by promoter and selling shareholders.
NSE:FEDERALBNKLong
by Tradernawab