it is the worst performing stock...falls like a high beta stock and rises like ntpc...and the market is not foolish to have undervalued a pvt. sector bank below its bv...just think logically if u were to put in ur savings in a bank would u prefer federal over any other bank?? besides highly concentrated in only kerala it has very less scope of growth...
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Looks like you have burned your fingers here. Yes there is a good reason why this rules at less than book value. However, since it is a takeover target there is hope of great gains for the patient investors. Traders obviously enjoy the frequent ups and downs and there is a lot of money to be made with this stock. Has to be played both on the up side as well as the down side...
correct market is not foolish but u are foolish cause as on 1 sep09 FII holding in federal was 42%, guys can u imagine a co with no scope of growth and FII having 42%share in it?
Speculation should not be guiding factor for buying a share. irrespective of its price, this is a good share to be invested. May be it will draw attention slowly
| NIFTY 
