Rekha Jhunjhunwala's Federal Bank hits record high as UBS raises target

• Federal Bank shares reached a new record high, closing at ₹265.40 and hitting an intraday high of ₹266.25.
• UBS raised its target price for Federal Bank from ₹250 to ₹310, while maintaining a 'buy' rating.
• The stock has surged 53.94% in the last 9 months from its 52-week low.
• Investor Rekha Jhunjhunwala holds a 2.42% stake in Federal Bank, totaling 5,90,30,060 shares.
• UBS anticipates improved operating trends and stable credit costs for Federal Bank in the medium term.

Why It Matters: Federal Bank's record high highlights how analyst upgrades and key investors drive stock value.