Federal Bank Hits Record High as UBS Raises Price Target 24%

• Federal Bank shares hit a new record high after UBS raised its price target by 24%.
• UBS increased its price target to ₹310 from ₹250, maintaining a "buy" rating and implying an 18.8% upside.
• The brokerage expects Federal Bank's operating trends to accelerate, leading to higher loan growth, NIMs, and EPS forecasts.
• Near-term growth and margins may be subdued due to balance sheet rationalization and RBI rate cuts, despite stable credit costs.
• The stock has gained 10.6% in the past month and 31.8% this year, with 35 out of 49 analysts recommending a "buy".

Why It Matters: Investors should note Federal Bank's record high and increased price target.