Federal Bank Ltd Sees 8.87 Million Shares Traded, Ranking Among Top Volume Movers Today

Federal Bank Ltd, a prominent player in the private sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 8,866,274 shares and a total traded value of approximately Rs 20,469.57 lakhs. The stock opened at Rs 228.00 and reached a day high of Rs 232.20, marking a new 52-week high. The last traded price stands at Rs 230.10.
In terms of performance, Federal Bank has outperformed its sector by 1.5%, showcasing a strong upward trend with consecutive gains over the past four days, resulting in an impressive 8.87% return during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust momentum.

Investor participation has also seen a notable increase, with delivery volume rising to 1.01 crore on October 23, reflecting a 29.75% increase compared to the 5-day average. The liquidity of the stock remains healthy, accommodating trade sizes of Rs 8.56 crore based on 2% of the 5-day average traded value.

Overall, Federal Bank's performance today highlights its strong market position and active trading dynamics within the mid-cap segment of the banking industry.