Pending — not yet graded
“Bullish on Federal Bank with a target price of Rs 400. Net interest margins improved in Q1, driven by lower cost of deposits and a favourable asset mix, with management expecting margins to expand 5-6bps quarterly over the next 3-4 quarters. CASA momentum remains strong, and asset quality reached a decade-best.”
Axis Securities Analysis’s track record: 3 graded calls · 95% CI 21–94%
Federal BankBullishCalled 21 Aug 2026
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