Project Report: Submitted by

PROJECT REPORT
ON
Submitted by
Athira K.P.
Unnimaya U.M.
(2018-2020)
To
Mrs. ALFIA THAHA
(Faculty, Department of MBA)
Investment management
SAINTGITS INSTITUTE OF
MANAGEMENT
Kottukulam Hills, Pathamuttom P.O, Kottayam 686532
September 2019
COMPANY PROFILE
Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva. Federal
Bank provides different types of account facilities which covers NRI, bussiness and Privilege accounts. Federal
Bank operates through four segments: Treasury, Corporate or Wholesale Banking, Retail Banking and other
banking operations. The Treasury operations include trading and investments in government and corporate debt
instruments, equity and mutual funds, derivative trading and foreign exchange operations on account and for
customers. The Corporate/Wholesale Banking segment provides loans and other banking services to corporate
and other clients. The Retail banking segment provides lending and other banking services to individuals/small
business customers, other than corporate/wholesale banking customers. The Other Banking Operations segment
includes para banking activities, such as third party product distribution and other banking transactions. It offers
various accounts and deposits; loans; cards; banking services, and insurance and investments. The Bank has 1251
branches and 1942 ATMs/ Recyclers as on 30th September 2019
Peer groups
Results updates- Q2 FY20,
Particulars (In Rs. Mn) Sep-19 Sep-18 % Chng
Interest Earned 32542.50 27649.20 17.70%

Net Profit 4167.00 2660.40 56.63%
EPS 2.10 1.34 56.04%
NII 11237.80 10224.70 9.91%
Other Income 4209.20 3228.90 30.36%
Operating Profit 7188.00 6976.00 3.04%
Federal Bank has achieved Interest Earned of Rs. 32542.50 mn for the 2 nd quarter of the financial year 2019-20
as against Rs. 27649.20 mn in the corresponding quarter of the previous year, an increase of 17.70%. Net
Interest Income of the bank rose by 9.91% to Rs. 11237.80 mn in Q2 FY20 from Rs. 10224.70 mn in Q2 FY19.
During Q2 FY20, Net profit of the Bank increased by 56.63% to Rs. 4167.00 mn from Rs. 2660.40 mn in Q2
FY19. During the quarter, Other Income stood at Rs. 4209.20 mn against Rs. 3228.90 mn in corresponding
quarter of previous year, grew by 30.36%. EPS of the Bank stood at Rs. 2.10 in Q2 FY20 as compared to Rs.
1.34 in the same period of financial year 2018-19. During Q2 FY20, Operating Profit stood at Rs. 7188.00 mn
as compared to Rs. 6976.00 mn in Q2 FY19, an increase of 3.04%.
Asset Quality
Asset Quality Q2 FY20 Q2 FY19 change %
Gross NPAs 36121.10 31845.30 13%

Net NPAs 18436.40 17962.90 3%
Gross NPA % 3.07 3.11 -1%
Net NPAs % 1.59 1.78 -11%
Return on Assets (%) 0.26 0.19 37%
The Gross NPA of the Bank as at the end of Q2 FY20 stood at Rs. 36121.10 mn, which as a percentage to Gross
Advances stands at 3.07%. The Net NPA and Net NPA as a percentage to Net Advances as on 30 th September
2019 stand at Rs. 18436.40 Cr and 1.59% respectively. The Provision Coverage Ratio (including technical
write-offs) is 66.16%
Net worth & Capital Adequacy
The Net worth of the bank increases from Rs. 124401.1 mn to Rs. 137543.1 mn, as on 30th September 2019. The
Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stands at 13.98% as at the
end of the quarter.
Q2FY19 Vs Q2FY20
 Gross advances increase by 14.98% to reach Rs. 1176223.6 mn
 NRE deposits cross Rs. 500000 mn to reach Rs. 526902.1 mn registering a growth of 12.62%
 Business Banking Advances grow by 15.23% from Rs.86254.9 mn to Rs. 99393.1 mn
 CASA grows by 11.57% from Rs. 395468.8 mn to Rs. 440233.9 mn
 Savings deposits grow by 13.27% to reach Rs. 372680.2 mn
 Total Deposits increase by 18.08% from Rs. 1181824.1 mn to Rs. 1395465.3 mn
 Retail advances grow by 25.41% to reach Rs. 348629.7 mn
 Investments stand at Rs. 310943.6 mn

RATIO ANALYSIS
Particulars FY18A FY19A
EPS (Rs.) 4.46 6.27

Operating Profit Margin (%) 23.49% 24.20%
PAT Margin (%) 9.01% 10.89%
P/E Ratio (x) 18.85 13.41
ROE (%) 7.20% 9.38%
ROCE (%) 1.69% 1.77%
Debt-Equity Ratio 10.12 10.76
Book Value (Rs.) 61.89 66.84
P/BV (x) 1.36 1.26
INDUSTRY OVERVIEW
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and well-regulated.
The financial and economic conditions in the country are far superior to any other country in the world. Credit,
market and liquidity risk studies suggest that Indian banks are generally resilient and have withstood the global
downturn well. Federal Bank shares are widely held and is listed in the Bombay Stock Exchange (BSE) and
National Stock Exchange of India (NSE). Our Global Depository Receipts are listed at the London Stock
Exchange. We have 1200+ branches and 1400+ ATMs spread across 25 states and Union Territories of the
country under 9 zones and 39 regions. Our predominant position in Kerala and visible presence in Tamil Nadu,
Karnataka, and Maharashtra is notable and we are in the process of widely expanding our presence in Gujarat,
Punjab and North Eastern states. We also have our Representative Office in Abu Dhabi, UAE. We are pioneers
among banks in India in the area of using technology to leverage its operations and were among the first banks
in India to computerize all its branches. Federal Bank offers its customers, a variety of services such as Internet
banking, Mobile banking, on-line bill payment, on-line fee collection, online religious offerings, depository
services, online e trade services ,Cash Management Services, RTGS / NEFT facility, IMPS etc. as part of its
strategy in enhancing the convenience to its customers.
Investments/developments
Key investments and developments in India’s banking industry include:
 As of September 2018, the Government of India launched India Post Payments Bank (IPPB) and has
opened branches across 650 districts to achieve the objective of financial inclusion.
 The total value of mergers and acquisition during 2017 in NBFC diversified financial services and
banking was US$ 2,564 billion, US$ 103 million and US$ 79 million respectively.
 The biggest merger deal of FY17 was in the microfinance segment of IndusInd Bank Limited and Bharat
Financial Inclusion Limited of US$ 2.4 billion.
 In May 2018, total equity funding's of microfinance sector grew at the rate of 39.88 to Rs 96.31 billion
(Rs 4.49 billion) in 2017-18 from Rs 68.85 billion (US$ 1.03 billion).
Government Initiatives
 As of September 2018, the Government of India has made the Pradhan Mantri Jan Dhan Yojana
(PMJDY) scheme an open ended scheme and has also added more incentives.
 The Government of India is planning to inject Rs 42,000 crore (US$ 5.99 billion) in the public sector
banks by March 2019 and will infuse the next tranche of recapitalisation by mid-December 2018.
Road Ahead
Enhanced spending on infrastructure, speedy implementation of projects and continuation of reforms are
expected to provide further impetus to growth. All these factors suggest that India’s banking sector is also
poised for robust growth as the rapidly growing business would turn to banks for their credit needs.
Also, the advancements in technology have brought the mobile and internet banking services to the fore. The
banking sector is laying greater emphasis on providing improved services to their clients and also upgrading
their technology infrastructure, in order to enhance the customer’s overall experience as well as give banks a
competitive edge.
India’s digital lending stood at US$ 75 billion in FY18 and is estimated to reach US$ 1 trillion by FY2023
driven by the five-fold increase in the digital disbursements.
FEDERAL BANK IN EQUITY LAST 5 YEARS
COST OF CAPTIAL
FEDERAL BANK LAST 1 WEEK
 Federal Bank has achieved Interest Earned of Rs. 32542.50 mn for Q2 2019-20 as against Rs. 27649.20 mn in
Q2 2018-19, an increase of 17.70%.
 Net Interest Income (NII) of the bank rose by 9.91% to Rs. 11237.80 mn in Q2 FY20 from Rs. 10224.70 mn in
Q2 FY19.
 During Q2 FY20, Net profit of the Bank increased by 56.63% to Rs. 4167.00 mn from Rs. 2660.40 mn in Q2
FY19.
 During Q2 FY20, Operating Profit stood at Rs. 7188.00 mn as compared to Rs. 6976.00 mn in Q2 FY19, an
increase of 3.04%.
 During the quarter, Other Income stood at Rs. 4209.20 mn against Rs. 3228.90 mn in corresponding quarter of
previous year, grew by 30.36%.
 EPS of the Bank stood at Rs. 2.10 in Q2 FY20 as compared to Rs. 1.34 in the same period of financial year
2018-19.
 The Total Business of the Bank registered a Y-o-Y

 growth of 16.57% and stood at Rs.2554397.4 mn as on 30th September 2019.
 Total Advances grow from Rs.1009408.8 mn to Rs. 1158932.1 mn as on 30th September 2019.
 Total Deposits increase from Rs. 1181824.2 mn to Rs. 1395465.2 mn as on 30 th September 2019, registering a
growth of 18.08%.
 The Operating Profit and Net Profit for the half year ended 30th September 2019 stood at Rs. 15015.6 mn and
Rs. 8009.1 mn respectively.
 Net Interest Income (NII) and Net Profit of the bank are expected to grow at a CAGR of 15% and 30% over
2018 to 2021E, respectively.
Turnover
Date Symbol Series Open High Low LTP Close Volume
(in Lakhs)
01-Nov-2019 FEDERALBNK EQ 84.10 86.45 83.40 86.10 86.05 2,54,98,852 21,725.76
31-Oct-2019 FEDERALBNK EQ 82.45 85.20 81.95 83.85 83.80 2,51,92,218 20,963.46
30-Oct-2019 FEDERALBNK EQ 82.45 82.85 81.75 82.00 82.05 91,09,830 7,504.04
30-Sep-2019 FEDERALBNK EQ 93.80 94.00 89.25 91.00 90.40 1,76,93,994 16,095.13
25-Sep-2019 FEDERALBNK EQ 93.10 94.25 91.60 91.95 92.10 83,48,656 7,734.87

30-Aug-2019 FEDERALBNK EQ 80.95 83.35 80.15 82.85 82.90 1,19,22,234 9,751.01
22-Aug-2019 FEDERALBNK EQ 82.00 82.50 79.80 80.70 80.40 90,99,476 7,421.28
INVESTMENTS ADOPTED BY FEDERAL BANK
Federal Bank has tied up with the following leading AMCs in the country:
 Aditya Birla Sun Life Mutual Fund.
 Axis Mutual Fund.
 BNP Paribas Asset Management India Private Limited.

 Canara Robeco Asset Management Company Ltd.
 DHFL Pramerica Asset Managers Pvt. Ltd.
 DSP Mutual Fund.
 Edelweiss Asset Management Limited.
Mutual Funds
A mutual fund allows a group of people to pool their money together and have it professionally managed, in
keeping with a predetermined investment objective. This investment avenue is popular because of its cost-
efficiency, risk-diversification, professional management and sound regulation. You can invest as little as Rs.
1,000 per month in a mutual fund. There are various general and thematic mutual funds to choose from and
the risk and return possibilities vary accordingly.
Key features
 Professional investment management.
 Diversification of Portfolio.
 Low Cost of Investment.
 Convenience and Flexibility to invest any amount anytime.
 Quick and Personalized Services from AMC.
 Ease of Investing.
 High Liquidity.
 Choice of Dividend or Growth Options.
 Tax Savings Funds also available
Millionaire Deposits - Investment Options
Investment options for our Millionaire Deposit Schemes are given below. Monthly installment is calculated
based on present interest rates on NRE Fixed Deposits. Monthly Installments are subject to change on revision
of interest rates.
Millionaire Federal Savings Fund
Period Monthly Installment Maturity Amount (in Rs.)
10 Year 5821 1 Million
Millionaire Federal Savings Fund
This savings fund is a unique recurring deposit plan that lets you invest systematically over a period of time and
makes you a millionaire on maturity.
 Any Resident or NRI customer can open the Millionaire FSF (Federal Savings Fund) deposit.
 Monthly installments can be made to this deposit by transfer from your SB or SBNRE account.
 Facility to register standing instruction from your existing SB or SBNRE account also.
 Installments are made from a part of your savings, in small amounts and hence it will not disrupt .
 Loan facility against the balance in account
 Freely Repatriable for NRI customers
 Premature withdrawal allowed, no interest will be paid before completion of 1 year for NRE Deposits.
Federal Tax Savings Deposit – Investment options
Federal Tax Savings Deposit will be the convenient and risk free option
Key Features
 Minimum deposit amount for Federal Tax Savings Deposit is just Rs. 100/- and additional amount in
multiples of Rs.100/-
 Maximum amount of Federal Tax Savings Deposit is Rs. 1,50,000.
 Tax benefits under Sec. 80 C of the Income Tax Act is applicable. In the case of joint accounts, tax benefits
are available to first account holder.
Maturity Value
 Maturity value will be computed at the applicable rate of interest, compounded at quarterly intervals and
subject to the incidence of TDS on periodic interest
Period
 Tax Savings Deposits are having a fixed period of 5 years. The deposit has a lock-in period of 5 years
Transfer of Deposit
 At the request of the depositor/s, deposit under the scheme may be transferred from one branch of the bank
to another branch.
 Deposits under the scheme shall not be transferred from one bank to another bank
Proof of Investment
 If the depositor requests, a certificate will be issued for producing before tax authorities
Cash Certificate – investment option

Federal Cash Certificate is a growth oriented scheme with high returns. If you are looking for an attractive
investment scheme to put your hard earned money which doubles in the shortest span, with zero percent
gambling, then Federal Cash Certificate is the ultimate option .
 Minimum deposit amount for Cash certificate is just Rs. 1000/-
 There is no maximum amount for Cash certificate

 Cash certificate has a minimum deposit period of 6 months and maximum deposit period is 10 years
 Interest will be quarterly compounded and reinvested. Interest cannot be withdrawn before maturity of the
deposit.
 On the due date of the deposit, interest and principal amount will be credited to your Federal Bank Savings
account automatically.
 Cash certificates have the automatic renewal facility
 Nomination facility is available
 Loan facility:You can get loan against Cash certificates up to 90% of deposit amount
Portfolio Investment Scheme(PIS)
 Speedy account opening.
 No minimum balance for opening a PIS account.
 Low transaction charge.
 Internet banking facility for PIS account.
 Computation and deduction of capital Gains Tax on behalf of customers.
 Issue of TDS Certificates to customers.
NRI Deposits
Looking for ways to invest your surplus funds? Check out the variety of our deposit schemes that can yield a
fair profit for you! Unlike investment in the stock markets, term deposits are not a risky investment as they do
not depend on fluctuating market rate
ÌNVESTMENT PATTERN
Investment pattern of investors on different products ,investment means buying securities or other monetary
or paper (financial) assets in the money markets or capital markets, or in fairly liquid real assets, such as gold as
an investment, real estate, or collectibles
Majority of the Indian invest their money in banks. It is safest but not risk free mode of investment and provide
us moderate return from our investment. Maximum wealth of the Indians is deposited in banks due to the less
risk appetite of investor. They are not willing to take risk to invest in share market or other financial instrument
apart from banking.
Elements of Investment

 Reward
 Risk and Return
 Time
Federal bank follows an investment pattern and an diversified portfolio inorder to manage risk.
Stock pick of the week: Why analysts are bullish on Federal Bank
Commission Disclosure
Federal Bank in association with Equirus is providing wealth management services and as part of its offering
has Mutual Fund products from the below AMC’s.
1. Aditys Birla Sun Life AMC 2. Axis AMC 3. BNP 4. Canara Robecco 5. DSP 6. Edelweiss 7. Franklin
Templeton 8. HDFC 9. HSBC 10. IDFC 11. Kotak 12. ICICI Prudential AMC 13. Invesco 14. L and T 15.
MOSL (motilal Oswal) 16. SBI 17. Mirae Asset 18. Reliance 19. Sundaram 20. PPFAS (Parag Parikh Financial
Advisory Services Ltd) 21. Principal 22. TATA 23. UTI
Suggestions
 In all major perimeters Federal Bank did well, with PAT, deposits and advances growing respectively
46%, 19% and 18% y/y. However, asset quality slightly deteriorated with GNPA increasing 7bps
sequentially to 2.99% and slippages came at 1.5% (of the loan book). We retain our positive view on the
bank, given the strong business growth prospects, steady margins and stable credit costs.
 Federal Bank reported a healthy operating performance with 46% yoy PAT growth led by 30% yoy rise
in PPOP. Credit growth of the bank was healthy at 19% yoy while NIM was stable. Due to higher
slippages the asset quality of the bank witnessed a slight deterioration. The bank is delivering consistent
performance, on operating front. We are expecting this trend should continue going forward and bank is
on track to achieve the targeted return ratios
OUTLOOK AND CONCLUSION
 At the current market price of Rs. 84.00, the stock P/E ratio is at 10.05 x FY20E and 8.56 x FY21E
respectively.
 Earning per share (EPS) of the company for the earnings for FY20E and FY21E is seen at Rs.8.36 and Rs.
9.82 respectively.
 NET Interest Income (NII) and Net Profit of the bank are expected to grow at a CAGR of 15% and 30%
over 2018 and 2021E, respectively.
 Price to Book Value of the stock is expected to be at 1.12 x and 0.99 x for FY20E and FY21E respectively.
 Hence, we say that, we are Overweight in this particular scrip for Medium term investment.
FEDERAL NIFTY
02-05-2019 94.25 02-05-2019 11724.75
03-05-2019 97.65 3.61% 03-05-2019 11712.25 -0.11%
06-05-2019 100.1 2.51% 06-05-2019 11598.25 -0.97%
07-05-2019 98.7 -1.40% 07-05-2019 11497.9 -0.87%
08-05-2019 98.6 -0.10% 08-05-2019 11359.45 -1.20%
09-05-2019 97.25 -1.37% 09-05-2019 11301.8 -0.51%
10-05-2019 97 -0.26% 10-05-2019 11278.9 -0.20%
13-05-2019 96.5 -0.52% 13-05-2019 11148.2 -1.16%
14-05-2019 98.2 1.76% 14-05-2019 11222.05 0.66%
15-05-2019 97.4 -0.81% 15-05-2019 11157 -0.58%
16-05-2019 97.7 0.31% 16-05-2019 11257.1 0.90%
17-05-2019 98.6 0.92% 17-05-2019 11407.15 1.33%
20-05-2019 103.6 5.07% 20-05-2019 11828.25 3.69%
21-05-2019 101.3 -2.22% 21-05-2019 11709.1 -1.01%
22-05-2019 101.4 0.10% 22-05-2019 11737.9 0.25%
23-05-2019 102.35 0.94% 23-05-2019 11657.05 -0.69%
24-05-2019 105.7 3.27% 24-05-2019 11844.1 1.60%
27-05-2019 108.05 2.22% 27-05-2019 11924.75 0.68%
28-05-2019 107.55 -0.46% 28-05-2019 11928.75 0.03%
29-05-2019 107.65 0.09% 29-05-2019 11861.1 -0.57%
30-05-2019 108.1 0.42% 30-05-2019 11945.9 0.71%
31-05-2019 107.35 -0.69% 31-05-2019 11922.8 -0.19%
03-06-2019 107.6 0.23% 03-06-2019 12088.55 1.39%
COMPUTATION OF RISK
04-06-2019 107.8 0.19% 04-06-2019 12021.65 -0.55% AND RETURN
06-06-2019 105 -2.60% 06-06-2019 11843.75 -1.48%
07-06-2019 105.9 0.86% 07-06-2019 11870.65 0.23%
10-06-2019 105.4 -0.47% 10-06-2019 11922.7 0.44%
11-06-2019 107.5 1.99% 11-06-2019 11965.6 0.36%
12-06-2019 105.1 -2.23% 12-06-2019 11906.2 -0.50%
13-06-2019 106.7 1.52% 13-06-2019 11914.05 0.07%
14-06-2019 106 -0.66% 14-06-2019 11823.3 -0.76%
17-06-2019 106.05 0.05% 17-06-2019 11672.15 -1.28%
18-06-2019 104.9 -1.08% 18-06-2019 11691.5 0.17%
19-06-2019 104.05 -0.81% 19-06-2019 11691.45 0.00%
20-06-2019 104.05 0.00% 20-06-2019 11831.75 1.20%
21-06-2019 102.85 -1.15% 21-06-2019 11724.1 -0.91%
24-06-2019 102.9 0.05% 24-06-2019 11699.65 -0.21%
25-06-2019 103.95 1.02% 25-06-2019 11796.45 0.83%
26-06-2019 104.45 0.48% 26-06-2019 11847.55 0.43%
27-06-2019 108.55 3.93% 27-06-2019 11841.55 -0.05%
28-06-2019 108.4 -0.14% 28-06-2019 11788.85 -0.45%
01-07-2019 109.05 0.60% 01-07-2019 11865.6 0.65%
02-07-2019 108.5 -0.50% 02-07-2019 11910.3 0.38%
03-07-2019 109.8 1.20% 03-07-2019 11916.75 0.05%
04-07-2019 108.85 -0.87% 04-07-2019 11946.75 0.25%
05-07-2019 107.35 -1.38% 05-07-2019 11811.15 -1.14%
08-07-2019 105.1 -2.10% 08-07-2019 11558.6 -2.14%
09-07-2019 106.75 1.57% 09-07-2019 11555.9 -0.02%
10-07-2019 105.3 -1.36% 10-07-2019 11498.9 -0.49%
11-07-2019 104.85 -0.43% 11-07-2019 11582.9 0.73%
12-07-2019 106.25 1.34% 12-07-2019 11552.5 -0.26%
15-07-2019 106.7 0.42% 15-07-2019 11588.35 0.31%
16-07-2019 107.2 0.47% 16-07-2019 11662.6 0.64%
17-07-2019 103.15 -3.78% 17-07-2019 11687.5 0.21%
BETA – 1.32

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PROJECT REPORT

Results updates- Q2 FY20,

Particulars (In Rs. Mn) Sep-19 Sep-18 % Chng

Interest Earned 32542.50 27649.20 17.70%

EPS 2.10 1.34 56.04%

NII 11237.80 10224.70 9.91%

Other Income 4209.20 3228.90 30.36%

Operating Profit 7188.00 6976.00 3.04%

Asset Quality Q2 FY20 Q2 FY19 change %

Gross NPAs 36121.10 31845.30 13%

Net NPAs % 1.59 1.78 -11%

Return on Assets (%) 0.26 0.19 37%

Net worth & Capital Adequacy

 Gross advances increase by 14.98% to reach Rs. 1176223.6 mn

 Business Banking Advances grow by 15.23% from Rs.86254.9 mn to Rs. 99393.1 mn

 CASA grows by 11.57% from Rs. 395468.8 mn to Rs. 440233.9 mn

 Savings deposits grow by 13.27% to reach Rs. 372680.2 mn

 Total Deposits increase by 18.08% from Rs. 1181824.1 mn to Rs. 1395465.3 mn

 Retail advances grow by 25.41% to reach Rs. 348629.7 mn

 Investments stand at Rs. 310943.6 mn

Particulars FY18A FY19A

EPS (Rs.) 4.46 6.27

 The Total Business of the Bank registered a Y-o-Y

01-Nov-2019 FEDERALBNK EQ 84.10 86.45 83.40 86.10 86.05 2,54,98,852 21,725.76

31-Oct-2019 FEDERALBNK EQ 82.45 85.20 81.95 83.85 83.80 2,51,92,218 20,963.46

30-Oct-2019 FEDERALBNK EQ 82.45 82.85 81.75 82.00 82.05 91,09,830 7,504.04

29-Oct-2019 FEDERALBNK EQ 81.35 82.60 80.65 82.20 82.10 2,00,74,360 16,462.71

27-Oct-2019 FEDERALBNK EQ 81.25 81.75 80.60 80.85 80.85 17,99,905 1,457.28

25-Oct-2019 FEDERALBNK EQ 81.00 81.40 79.70 80.15 80.25 1,51,35,361 12,153.56

24-Oct-2019 FEDERALBNK EQ 83.45 83.90 80.35 81.05 81.00 2,17,51,109 17,711.89

23-Oct-2019 FEDERALBNK EQ 83.60 84.50 82.80 83.25 83.30 1,20,81,585 10,120.85

22-Oct-2019 FEDERALBNK EQ 84.50 84.95 83.15 83.65 83.55 1,20,37,083 10,133.04

18-Oct-2019 FEDERALBNK EQ 84.35 84.80 83.50 83.85 84.00 1,10,94,728 9,340.52

17-Oct-2019 FEDERALBNK EQ 82.30 84.90 81.70 84.10 84.35 2,39,33,766 19,989.87

16-Oct-2019 FEDERALBNK EQ 86.00 86.85 79.00 82.30 82.25 6,95,63,240 57,223.38

15-Oct-2019 FEDERALBNK EQ 82.55 85.90 81.70 85.45 84.95 96,62,559 8,088.84

14-Oct-2019 FEDERALBNK EQ 84.90 85.25 82.25 82.45 83.25 78,23,663 6,597.63

11-Oct-2019 FEDERALBNK EQ 84.85 85.45 83.40 84.00 84.15 1,28,80,443 10,884.15

10-Oct-2019 FEDERALBNK EQ 85.80 85.80 83.40 84.25 84.30 62,18,988 5,251.75

09-Oct-2019 FEDERALBNK EQ 85.25 86.45 84.00 85.85 85.90 1,27,13,788 10,869.30

07-Oct-2019 FEDERALBNK EQ 85.80 86.00 83.80 85.00 84.90 1,28,09,772 10,872.66

04-Oct-2019 FEDERALBNK EQ 89.35 89.70 84.35 85.60 85.75 1,52,97,600 13,197.80

03-Oct-2019 FEDERALBNK EQ 87.45 89.55 85.40 89.30 88.80 1,06,68,940 9,378.49

01-Oct-2019 FEDERALBNK EQ 91.00 93.25 80.00 88.10 87.75 2,05,29,595 18,027.88

30-Sep-2019 FEDERALBNK EQ 93.80 94.00 89.25 91.00 90.40 1,76,93,994 16,095.13

27-Sep-2019 FEDERALBNK EQ 93.95 95.50 92.30 93.80 93.60 1,08,15,034 10,158.27

26-Sep-2019 FEDERALBNK EQ 92.50 95.00 92.00 94.00 93.60 1,44,89,649 13,539.22

25-Sep-2019 FEDERALBNK EQ 93.10 94.25 91.60 91.95 92.10 83,48,656 7,734.87

24-Sep-2019 FEDERALBNK EQ 96.10 97.20 93.80 94.15 94.30 92,30,752 8,801.87

23-Sep-2019 FEDERALBNK EQ 95.85 98.55 91.50 95.20 95.90 3,16,03,154 30,080.64

20-Sep-2019 FEDERALBNK EQ 84.05 95.70 83.10 95.00 94.80 3,16,65,642 28,844.81

19-Sep-2019 FEDERALBNK EQ 84.50 84.90 82.55 83.75 83.45 53,26,008 4,457.42

18-Sep-2019 FEDERALBNK EQ 84.30 85.50 83.80 84.70 84.55 65,20,586 5,516.68

16-Sep-2019 FEDERALBNK EQ 86.45 86.90 85.10 85.30 85.50 78,34,803 6,715.89

13-Sep-2019 FEDERALBNK EQ 85.95 87.65 84.55 87.25 87.15 95,00,240 8,174.69

12-Sep-2019 FEDERALBNK EQ 85.70 87.55 85.50 85.50 85.75 89,41,455 7,720.56

11-Sep-2019 FEDERALBNK EQ 86.40 86.75 84.80 85.50 85.70 92,84,318 7,961.13

09-Sep-2019 FEDERALBNK EQ 83.00 86.60 82.35 86.40 86.25 1,54,28,797 13,159.93

06-Sep-2019 FEDERALBNK EQ 81.95 83.40 80.90 83.30 83.15 79,14,489 6,501.21

05-Sep-2019 FEDERALBNK EQ 82.00 82.90 80.50 81.15 81.00 90,40,596 7,351.15

04-Sep-2019 FEDERALBNK EQ 80.90 82.45 80.00 81.75 81.95 84,33,799 6,855.31

03-Sep-2019 FEDERALBNK EQ 82.35 82.35 79.75 80.75 81.40 1,09,41,875 8,876.71