Axis Top Picks April 2022
Commodities and IT sectors are the biggest winners of FY22. In the last one year, the Metals sector has gone up 53%, Energy by 40%, commodities by...
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Federal Bank: Healthy Pick-Up in Advances; RoA Trajectory Positive
Federal Bank is an old private sector bank based out of Kerala with around 1274 branches and 1882 ATM across various states.
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Federal Bank: Levers for ROA Expansion in Place; Maintain BUY
Federal Bank (FB) Q3FY22 performance was marked by lower provisions, improved recoveries and upgrades, pick-up in NIM, healthy fee income, and loan...
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Federal Bank: Asset Quality Strengthens; Maintain BUY
We maintain a BUY rating on the stock with a revised target price of Rs 125 (1.3x FY23E ABV). The key highlight of Federal Bank’s Q2FY22...
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Federal Bank: Earnings in Line, Business Growth to Gain Momentum
Federal Bank is an old private sector bank based out of Kerala with around 1272 branches and 1874 ATM across various states.
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