Federal Bank Ltd Surges with Rs 20,518.37 Lakhs in Trade Value Today

Federal Bank Ltd, a prominent player in the private sector banking industry, has shown significant activity in the stock market today. The stock, trading under the symbol FEDERALBNK, recorded a total traded volume of 8,887,796 shares, with a total traded value of approximately Rs 20,518.37 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 stood at Rs 230.03.
In terms of performance, Federal Bank has outperformed its sector by 1.5%, while the broader market, represented by the Sensex, saw a slight decline of 0.01%. Notably, the stock has been on a positive trajectory, gaining for four consecutive days and achieving an impressive return of 8.87% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also increased, with a delivery volume of 1.01 crore shares on October 23, reflecting a 29.75% rise compared to the 5-day average. The stock's liquidity remains robust, 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 environment.