Federal Bank shares drop 6% after Q3 profit decline; JPMorgan sticks to Buy, UBS cuts target price

Federal Bank share price dropped 6% after reporting a 5% YoY decline in net profit for Q3 FY25, despite strong operating profit and improved asset quality. The bank’s accelerated provisions and higher provisions impacted profits. Analysts JPMorgan and UBS maintained “Buy” ratings, with revised target prices, noting slower growth but strong operational performance.

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