COMPANY NAME-
FEDERAL BANK
17-JUNE-11.
RECOMMENDATION- SELL PRICE
TARGET - 400
COMPANY BASIC INFORMATION
|
ISIN Id
|
INE171A01011
|
|
BSE Id
|
500469
|
|
NSE Id
|
FEDERALBNK
|
|
INDUSTRY
|
Banks - Private Sector
|
|
Market Cap
|
7517.32
|
|
Book Value
|
308.34
|
|
EPS (TTM)
|
34.34
|
|
Price/Book
|
1.43
|
|
Face Value
|
10.00
|
|
P/E
|
12.80
|
|
Div(%)
|
50.00%
|
|
Industry P/E
|
36.42
|
|
P/C
|
12.80
|
|
Div Yield (%)
|
1.14
|
|
STOCK PRICE HISTORY( NSE)
|
|
All Time High
|
501.00
|
|
All Time Low
|
28.25
|
|
52 Week High
|
501.00
|
|
52 Week Low
|
302.00
|
Recommendation-
The counter seems to have formed an intermediate top and has started its minor
correction which is expected to get extended into a price and time correction of
intermediate nature at least. There have been resistances for the stock around
500 levels earlier also this time it could not manage to even reach the previous
highs and witnessed selling pressure. The MACD and RSI are suggesting topping
warning for the stock . Based on the technical evidences we recommend a Sell on
the stock around 460 levels with a stop loss above 465 for a short term target
of 400.