Federal Bank may test Rs 135-140: Vishal Malkan

Vishal Malkan, Technical Analys at malkansview.com is of the view that Federal Bank may test Rs 135-140.

Vishal Malkan, Technical Analys at malkansview.com told CNBC-TV18, " Federal Bank is one bank which has been consolidating in the last couple of weeks between that Rs 110-120 range. Today it looks like a breakout plus Bank Nifty is also supporting. We are looking at a target of around Rs 135-140 in short term with a stoploss of Rs 116."

The company's trailing 12-month (TTM) EPS was at Rs 11.15 per share. (Jun, 2014). The stock's price-to-earnings (P/E) ratio was 11. The latest book value of the company is Rs 81.25 per share. At current value, the price-to-book value of the company was 1.51. The dividend yield of the company was 1.63 percent.

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