BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Medium (6M)
Emkay Recommends 'Buy' On Federal Bank
Emkay is positive on Federal Bank mainly due to its clear focus on profitable growth driven by retail to sustainably raise its otherwise sub-par core return of assets, its contained corporate stress pool and reasonable valuations. Better execution of retail strategy and the potential acquisition of a micro-finance company at reasonable valuations could provide further upside to the bank's return ratios, the brokerage adds.