Federal Bank up on posting good NP figures for June’09 quarter
July 31, 2009 by admin
Federal Bank is trading in the green on the BSE after the company posted good net profit for the quarter ended June 2009.
The scrip is currently trading at Rs 242.75 per share, up 4.85 points or 2.04% on the BSE.
The stock opened at Rs 242.80 as compared to its previous close of Rs 237.90. Intraday, the counter touched a high and a low of Rs 248.50 and Rs 239.10, respectively.
So far, 1,54,101 shares of the company were traded on the BSE.
The stock touched its 52-week high of Rs 269 on June 17, 2009 and a 52-week low of Rs 110.50 on March 3, 2009.
The stock has tanked 1.36% since the past one week and 3.04% in the last one month.
Federal Bank has announced its unaudited results for the quarter ended June 30, 2009.
The bank has posted a net profit of Rs 136.38 crore for the quarter ended June 30, 2009 against Rs 68.15 crore for the quarter ended June 30, 2008, up 100%.
Total income of the bank has surged by 21.45% during the quarter to Rs 1,021.79 crore from Rs 841.33 crore reported in a year ago period.
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