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Federal Bank is Religare's pick of the month for May, 13% upside seen at TP of ₹176; should you buy?

Shares of Federal Bank were on an uptrend and gained around one per cent today to hit an intra day high of ₹158.55 against its 52-week high of ₹166.65 apiece on the BSE.

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Nifty Bank rallies nearly 1%; next resistance seen at 48,000: Experts

The Nifty Bank managed to reclaim crucial resistance levels and any dips towards 47,000 could be used as a buying opportunity. Federal Bank, HDFC Bank, AU Small Finance Bank, and Bandhan Bank rose more than 1% each.

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Federal Bank share price: Growing at closer to 18% per annum very possible for Federal Bank: Shyam Srinivasan

Shyam Srinivasan, MD & CEO of Federal Bank, projects 15-18% bank growth, emphasizes NIMs importance, foresees sustained deposit growth, and anticipates potential rate cuts in the future based on inflation outcomes. He says: "We have a reasonable presence now in the south. We are looking at increasing our presence in the west, in particular the bigger metros like Mumbai and adjacent cities."

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Federal Bank share price falls 8% amid overall weak market environment

Shares of Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today.

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