Earn money from rakesh jhunjhunwala portfolio banking stock federal bank share check how varpat

New Delhi. Big Bull Rakesh Jhunjhunwala increased his stake in Federal Bank by around 0.40 per cent in the April-June 2021 quarter, adding 7.5 million shares of Federal Bank to his portfolio. However, for the last six months, this banking stock has remained in the range of Rs 70 to Rs 90 and has not given much return to its shareholders.

Despite this, according to the July 2021 shareholding of Federal Bank, Big Bull has maintained its trust in this stock and retained its stake in Federal Bank. At the same time, this stock, held by Rakesh Jhunjhunwala, is showing signs of an upward move after the strong numbers of Q2FY22.

There is a possibility of a sharp jump
According to stock market experts, Federal Bank has shown strong business momentum and its shares can give a sharp jump in the upcoming trading sessions. Commenting on the stock, Jyoti Roy of Angel One said that Federal Bank has shown strong business momentum for Q2FY22 as its advances grew 3.4 per cent on a quarterly basis to Rs 1,37,3091 crore.

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Know what is report?
Deposits grew by 2.5 per cent to Rs 1,68,743 crore on a quarterly basis, while the CASA ratio improved 135 bps to 36.16 per cent on a quarterly basis. In addition, we expect an improvement in business momentum as well as a decline in asset quality and credit cost for Federal Bank.

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