Brokerage Houses like Motilal Oswal, Citi, and Morgan Stanley are bullish on Federal Bank after Q3 results and recommended BUY ratings with up to 25% upside targets.  

Federal Bank reported robust Q3 results on January 16, 2023, Net Profit jumped 54% YoY.

Gross NPA of 2.43% was 2.46% QoQ and 3.06% YoY.

Net NPA of 0.73% was 0.78% QoQ and 1.05% YoY.

Morgan Stanley has given a Overweight recommendation with a 25% upside target of Rs 175 on Federal Bank. 

Motilal Oswal has given a BUY recommendation with a 21% upside target of Rs 170 on Federal Bank. 

Citi has given a BUY recommendation with a 17% upside target of Rs 160 on Federal Bank. 

Disclaimer: The views and investment suggestions expressed on Admotg Finance are not those of the website or its management. These reports are taken from the research reports of brokerage houses. Admotg Finance advises users to check with certified experts before taking any investment decision.