Hold Federal Bank, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Federal Bank.

"In Federal Bank the big cut coming in today post the numbers and there was that -- what the management clarified was an education loan that may go bad which sort of affected the numbers. So I think in light of that and if you look at the overall quality of earnings of Federal Bank, I think those were fairly strong. So looking at that I think one can continue to hold."

The share touched its 52-week high Rs 127.75 and 52-week low Rs 72.60 on 17 October, 2017 and 16 January, 2017, respectively.

Currently, it is trading 18.16 percent below its 52-week high and 44.01 percent above its 52-week low

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