Jhunjhunwala Portfolio: Experts have seen bullish on the Federal Bank(NSE: FEDERALBNK) for the last few months.
According to the report, the brokerage house has increased the target price of Federal Bank from Rs 175 to Rs 185 per share.
At the same time, Axis Securities has given ‘buy tag’ to this stock. Let us tell you, that Rekha Jhunjhunwala also has an investment in the company. Experts has said that Don’t Sell Before ₹223.
On Thursday, the share price of Federal Bank was Rs 155.65 per share.
In the last one month, this banking stock has given returns of more than 6 percent to investors.
However, investors who have been holding for the last one year have gained only 14 percent so far.
What Are The Experts Saying?
Brokerage firm Motilal Oswal believes that the price of bank shares can reach Rs 175 per share.
At the same time, a target price of Rs 180 has been given in the reports of Systematix Institutional Equities.
The brokerage firm believes that the bank can get 18 to 20 percent growth in the loan section.
Rekha Jhunjhunwala’s total stake in Federal Bank (including Rakesh Jhunjhunwala) is 3.02 percent.
This shareholding is till 31 December 2023. As of Thursday’s close, he holds bank shares worth Rs 1148 crore.
About Federal Bank Ltd Company
Federal Bank Limited (Federal Bank Limited (the Bank) is a company in the banking industry.
The Bank provides financial and banking services, such as corporate banking, retail banking foreign exchange business, and treasury services.
It operates in three distinct segments: Treasury, Corporate/Wholesale Banking and Retail Banking.
Its Treasury segment includes the trading and investment of corporate debt and securities of the government, instruments, mutual and equity funds, derivatives, & foreign exchange operations for its own account as well as for customers.
The Wholesale and Corporate Banking segment includes loans of funds, accepting of deposits,
and other banking services for trusts, corporations partnerships, partnership companies, and statutory institutions.
The Retail banking segment is the lending of funds, the acceptance of deposits, and various other services offered by banks to all legal persons and clients with small businesses.
Its network includes 1391 branches and more than 1,357 automated machines for tellers (ATMs) across India.
Fundamental Analysis of Federal Bank Ltd
| Market Cap | ₹ 38,069 Cr. |
| Current Price | ₹ 156 |
| 52-wk High | ₹ 167 |
| 52-wk Low | ₹ 121 |
| Stock P/E | 9.85 |
| Book Value | ₹ 105 |
| Dividend | 0.64 % |
| ROCE | 5.91 % |
| ROE | 15.3 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.50 |
| OPM | 69.9 % |
| EPS | ₹ 17.2 |
| Debt | ₹ 2,38,850 Cr. |
| Debt to Equity | 10.8 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹160 | ₹192 |
| 2025 | ₹200 | ₹225 |
| 2026 | ₹235 | ₹275 |
| 2027 | ₹295 | ₹345 |
| 2028 | ₹350 | ₹375 |
| 2029 | ₹395 | ₹425 |
| 2030 | ₹430 | ₹485 |
| FII Holding | |
| Dec 2022 | 27.72% |
| Mar 2023 | 26.94% |
| June 2023 | 26.27% |
| Sept 2023 | 27.02% |
| Dec 2023 | 29.38% |
| DII Holding | |
| Dec 2022 | 42.33% |
| Mar 2023 | 43.66% |
| June 2023 | 42.11% |
| Sept 2023 | 45.74% |
| Dec 2023 | 44.39% |
| Public Holding | |
| Dec 2022 | 29.96% |
| Mar 2023 | 29.41% |
| June 2023 | 31.61% |
| Sept 2023 | 27.25% |
| Dec 2023 | 26.23% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹11,635 Cr |
| 2020 | ₹13,590 Cr |
| 2021 | ₹14,314 Cr |
| 2022 | ₹14,382 Cr |
| 2023 | ₹22,239 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹1,318 Cr |
| 2020 | ₹1,590 Cr |
| 2021 | ₹1,680 Cr |
| 2022 | ₹1,996 Cr |
| 2023 | ₹3,931 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 14% |
| 5 Years: | 28% |
| 3 Years: | 26% |
| Current Year: | 38% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 9% |
| Current Year: | 35% |
Conclusion
This article is a complete guide about Federal Bank Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
