Brokerage firm Systematix Institutional Equities has upgraded the stock to a 'Buy' rating from its earlier 'Hold' stance.
Federal Bank shares gained over 5% to Rs 261.20 on Friday against the previous close of Rs 246.90.
Rekha Jhunjhunwala held 5,90,30,060 shares or 2.42 per cent stake in Federal Bank at the end of December quarter, whose value jumped to Rs 1,620.74 crore in Wednesday's trade.
Federal Bank total deposits grew 12 per cent year-on-year to Rs 297,796 crore, while advances rose 11 per cent to Rs 255,569 crore.
Federal Bank shares hit a record high of Rs 267.50 on Friday against the previous close of Rs 265.25.
Federal Bank shares hit a record high of Rs 264.20 on Monday against the previous close of Rs 261.55.
Axis Securities said that Policy Bazaar has decisively surpassed the past 6-8 months 'multiple resistance zone of Rs 1,935-1,945 with the current close, along with rising volumes.
In the September quarter, banks had delivered some margin related surprises, with many of them reporting an earlier-than-expected recovery, even after absorbing the full impact of the 50 bps rate cut in June 2025.
Federal Bank shares ended 0.21% higher at Rs 256.40 today against the previous close of Rs 255.85.
Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 5.90 crore shares or 2.42 per cent stake in the lender at the end of September 2025 quarter.
YES Bankand RBL Bank would benefit from the foreign bank ownership, Emkay said. This would bring new business opportunities in corporate banking (especially SME) and some edge in retail deposits, it added.





