This private sector bank from Jhunjhunwala's portfolio is up 29% in 1-month

Shares of Federal Bank hit a three-year high at Rs 109.40, and have gained 12 per cent in the last four trading sessions on the back of healthy Q1 performance.

Shares of Federal Bank hit a three-year high at Rs 109.40, up 2 per cent on the BSE in Wednesday’s intraday trade. The stock has gained 12 per cent in the last four trading sessions, after the bank reported a healthy operational performance led by strong business growth in June quarter (Q1FY23).  

The stock of private sector has rallied 29 per cent in the past one month, as compared to 7.4 per cent rise in the S&P BSE Sensex. The stock traded at its highest level since July 2019. It had hit a record high of Rs 128