Axis Securities issues buy call on Federal Bank; shareholder stake noted
1 report, 1 independent
Updated Oct 19
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What happened
Rekha Rakesh Jhunjhunwala held a 2.41 per cent stake in Federal Bank at the end of the September 2026 quarter, holding 5.90 crore shares. Axis Securities issued a buy call on the bank, setting a target price of Rs 405 per share. Federal Bank shares rose 4.74 per cent in the current session.
From businesstoday.in
Why it matters
The brokerage expects Federal Bank’s Net Interest Margins (NIMs) to improve gradually and notes the bank is well poised to sustain healthy balance sheet growth. This outlook supports the bank's charted path to deliver improved return on assets.
From businesstoday.in
Who's involved
- Federal BankPrivate lender whose stock rose following the analyst recommendation
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The entities involved
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Federal Bank
large commercial bank located in India