Federal Bank shares hit a record high of Rs 267.50 on Friday against the previous close of Rs 265.25.
Federal Bank shares hit a record high of Rs 264.20 on Monday against the previous close of Rs 261.55.
Axis Securities said that Policy Bazaar has decisively surpassed the past 6-8 months 'multiple resistance zone of Rs 1,935-1,945 with the current close, along with rising volumes.
In the September quarter, banks had delivered some margin related surprises, with many of them reporting an earlier-than-expected recovery, even after absorbing the full impact of the 50 bps rate cut in June 2025.
Federal Bank shares ended 0.21% higher at Rs 256.40 today against the previous close of Rs 255.85.
Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 5.90 crore shares or 2.42 per cent stake in the lender at the end of September 2025 quarter.
YES Bankand RBL Bank would benefit from the foreign bank ownership, Emkay said. This would bring new business opportunities in corporate banking (especially SME) and some edge in retail deposits, it added.
Federal Bank shares rose to a record high of Rs 235.20 rising over 3% from the previous close of Rs 227.40. Market cap of the bank stood at Rs 57,602 crore.
Jhunjhunwala owned a 2.42 per cent stake, while Zerodha Broking held a 1.02 per cent stake in Federal Bank as of September 30. A total of 47 mutual funds collectively held a 37.52 per cent stake in the private lender.
Recent investments: Warburg Pincus and ADIA in IDFC First Bank; Emirates NBD’s proposed majority investment in RBL Bank, SMBC in YES Bank, Fairfax in CSB Bank, DBS bank merger with Lakshmi Vilas Bank.
Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 5.90 crore shares or 2.42 per cent stake in the lender at the end of September 2025 quarter.
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