Several major brokerage firms have raised the target price of the Federal Bank.Actually, analysts expect that this private bank's performance will be spectacular in the March quarter. In this hope, analysts have increased the target price of Federal Bank shares from 4 per cent to 30 per cent.
Courage says that its valuation is 1.3 times higher than its estimated price-book (P / B) during the financial year 2019-20, which seems to be attractive.
Analysts expect this private bank's performance to be spectacular in the March quarter. Investex said, "The return on asset (RoA) of the Federal Bank is stable and continuous. Finally, the reason behind the improvement in the bank's rating is its return on asset. . " On Tuesday at 11 a.m., the stock was trading at 0.5 percent and was trading at Rs 100.60.
Investec and Kotak Securities have given target price of 130 rupees for this share. Morgan Stanley is the least confident of the Federal Bank. Brokerage has given a target price of Rs 95 for its share, which is about 5% less than its current price. ICICI Securities said, "We believe that the Federal Bank is moving in the right direction, which is focusing heavily on the digital platform, and it is also paying more attention to low risk retail business. The ticket size is increasing. Bank investment in technology is giving good results. "
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Courage says that its valuation is 1.3 times higher than its estimated price-book (P / B) during the financial year 2019-20, which seems to be attractive.
Analysts expect this private bank's performance to be spectacular in the March quarter. Investex said, "The return on asset (RoA) of the Federal Bank is stable and continuous. Finally, the reason behind the improvement in the bank's rating is its return on asset. . " On Tuesday at 11 a.m., the stock was trading at 0.5 percent and was trading at Rs 100.60.
Investec and Kotak Securities have given target price of 130 rupees for this share. Morgan Stanley is the least confident of the Federal Bank. Brokerage has given a target price of Rs 95 for its share, which is about 5% less than its current price. ICICI Securities said, "We believe that the Federal Bank is moving in the right direction, which is focusing heavily on the digital platform, and it is also paying more attention to low risk retail business. The ticket size is increasing. Bank investment in technology is giving good results. "
For more information Best Advisory Company in Indore
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