Federal Bank shares jump nearly 8 pc after Q2 earnings

By: |
October 22, 2021 7:07 PM

The stock jumped 7.77 per cent to close at Rs 104.05 on BSE. During the day, it zoomed 9.37 per cent to its 52-week high of Rs 105.60.

Private sector lender Federal Bank on Friday reported nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter ended September 30.Private sector lender Federal Bank on Friday reported nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter ended September 30.

Shares of Federal Bank on Friday zoomed nearly 8 per cent after the company reported a nearly 55 per cent jump in consolidated net profit for the September quarter.

The stock jumped 7.77 per cent to close at Rs 104.05 on BSE. During the day, it zoomed 9.37 per cent to its 52-week high of Rs 105.60.
On NSE, it gained 7.61 per cent to Rs 103.90.

Private sector lender Federal Bank on Friday reported nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter ended September 30.

The bank had posted a net profit of Rs 315.70 crore in the year-ago period.

Total income (consolidated) during the July-September period was down at Rs 4,013.46 crore, as against Rs 4,071.35 crore in the corresponding period of FY21, Federal Bank said in a regulatory filing.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Banks, companies rush to bond market to lock lower rates
2Anand Rathi Wealth IPO subscribed 3 times on Day 2 of offer
3Shriram Properties’ Rs 600-cr IPO to open on Dec 8