Federal Bank Ltd Surges with Over 10.5 Million Shares Traded Today

Federal Bank Ltd, a prominent player in the private sector banking industry, has shown significant activity today, becoming one of the most actively traded equities by volume. The stock, trading under the symbol FEDERALBNK, recorded a total traded volume of 10,580,158 shares, with a total traded value of approximately Rs 234.26 crores.
The stock opened at Rs 216.50 and reached a new 52-week high of Rs 223.76, reflecting a notable intraday gain of 5.36%. This performance marks a trend reversal for Federal Bank, which had experienced two consecutive days of decline prior to today. The stock's last traded price stands at Rs 222.80, outperforming its sector by 4.48%.

In terms of moving averages, Federal Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. Additionally, the delivery volume has seen a significant increase, rising by 34.19% against the 5-day average, with a delivery volume of 664,900 shares recorded on October 17.

With a market capitalization of Rs 52,240 crores, Federal Bank continues to demonstrate robust liquidity, suitable for trades of approximately Rs 4.71 crores based on 2% of the 5-day average traded value. Overall, Federal Bank's performance today highlights its resilience and active market presence.