Buy This Private Sector Bank Stock, Likely To Surge 29% From CMP, Says Motilal Oswal
Federal Bank is purchased today at current market price. Federal bank is one of India's leading private- sector banks.
The stock of Federal Bank is at Rs 132.80 apiece on NSE. Today, it was opened at Rs 129.85 apiece.
The stock is currently trading near its 52 week high, which is Rs 143.40 apiece, record ised on 16 January 2023.
The stock's 52 week low Rs 82.50 apiece, recorded on 26 May 2022. The stock gained 6 .03% in 1 week, and 107% in 1 month, respectively.
Buy stock for a target price of Rs 170/ share
Motilal Oswal, Federal Bank aims to grow the loan book in the high teens, driven by digital and fintech partnerships.
FB will continue to focus on growing its high- margin products by leveraging data analytics.
The management also discussed growth opportunities and key levers for the ROA expansion.
"We expect FB to deliver an earnings CAGR of 16% over FY 23 - 25 with RoA/ RoE of 1 .3%/ 15 .2% by FY 25.
The stock has been picked from the brokerage report of Motilal Oswal.
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By Shubham Kumar Goodreturns source: Dailyhunt