Federal Bank Top Gainer Among Bank Stocks

The Nifty Private Bank index is trading higher by around 0.5% at 12517.35 levels. The Federal Bank is the top gainer in the index trading higher by around 2.4% at Rs 119.6 per share.

Among the private bank stocks, Federal Bank stock may be termed as the most popular stock. The stock has attracted the total volume of 23,59,310 shares and traded value of Rs 27.94 Cr as of 0924 hours. The stock is trading near its 52-week high of Rs 120 per share.

The ICICI Bank has gained around 1.9% at Rs 304.3 per share as of 0927 on NSE. The stock is trading near its 52-week high of Rs 304.8 per share.

Canara Bank stock would be in focus on Monday since the bank is going to announce its financial results for the quarter ended on March 31, 2017.

The Bank Nifty index is trading higher by 0.26% at 22663 level in the morning hours on Monday. The heavyweight HDFC Bank stock is losing its sheen on the bourses trading lower by 0.04% at Rs 1531.65 per share.

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