Federal Bank Investment Idea - Kerala Flood Effect
Brokerage Emkay Global said Federal Bank remains at major risk due to this unforeseen event with 34% of lending and 64% of deposits directly linked to the state. But 62% of Kerala-based deposits are contributed by the bank’s NRI customer base and of the Kerala-based lending book, 51% was corporate, 28% towards SME/MSME and 21% were to the retail segment.
This stock will likely to stay rangebound for next quarters giving us ideal swing trades! The Federal bank currently has suppressed ROA and ROE due to aggressive provisioning. If we take that into our forward pricing. It is trading at a very attractive price.
This trading diary of mine will cover the aspects of the covered call method I generally impose to hold shares in terms of the derivative investments. However, the trader's eye should be on this chart -
This stock will likely to stay rangebound for next quarters giving us ideal swing trades! The Federal bank currently has suppressed ROA and ROE due to aggressive provisioning. If we take that into our forward pricing. It is trading at a very attractive price.
This trading diary of mine will cover the aspects of the covered call method I generally impose to hold shares in terms of the derivative investments. However, the trader's eye should be on this chart -
액티브 트레이드:
Entered at 81.35
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed