2 weeks Ago
HDFC Securities has a buy call on Federal Bank with a target price of Rs 224-240 over 6 to 9 months. The current market price of Federal Bank Ltd. is Rs 204.
4 Time period given by analyst is Half-yearly when Federal Bank Ltd. price can reach defined target. Federal Bank Ltd .
, incorporated in 1931, has a market cap of Rs 50030.45 crore. Federal Bank's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 8015.29 crore, up 4.59 % from last quarter Total Income of Rs 7663.
65 crore and up 22.40 % from last year same quarter Total Income of Rs 6548.20 crore.
The bank has reported net profit after tax of Rs 1096.25 crore in latest quarter. Investment Rationale HDFC Securities believes that the key challenge for the franchise lies in leveraging its formidable balance sheet strengths into sustainable P&L outcomes(better pricing power, superior efficiency, and productivity gains) to fortify its position as a credible alternative to larger private sector banks.
Consistent exercising of pricing power, and build-out of cross-sell capabilities are key to further RoA reflation. We remain hopeful of most of these being achieved by the Bank in the near to medium term. The brokerage expects FB's RoA/RoE to improve from 1.
3/14.7% in FY24 to 1.4/15.
2% in FY27E. Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Algo Trading Made Easy By - Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Cryptocurrency Made Easy: Cryptocurrency Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program HDFC Securities believes investors can buy the stock in the band of Rs 202-207 and add on dips in Rs 182-187 band (1.15x Sep-26E ABV) for base case fair value of Rs 224 (1.4x Sep-26E EPS) and bull case fair value of Rs 240 (1.
5x Sep-26E EPS) over the next 2-3 quarters. US Election 2024 Another American Civil War if Trump loses election? What Trump victory would mean for US & the world (You can now subscribe to our ETMarkets WhatsApp channel ).
