BUZZ — India's Federal Bank rebounds after second — quarter results
* Federal Bank's shares rise 2.1% to 342.05 rupees * Bank says Q2 net profit rose 45% to 13.86 billion rupees ($145.96 million) from 9.55 billion rupees a year earlier * Quarterly interest earned rose to 7.72 billion rupees from 6.74 billion rupees * Bank's asset quality improved as gross NPA declined to 1.32% from 1.83%, supporting earnings growth * Stock rated "buy" on avg by 35 analysts, with median PT of 375 rupees - data compiled by LSEG * Stock up 24.1% YTD ($1 = 94.9575 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((anushka.rajvedi@thomsonreuters.com)
* Federal Bank's shares rise 2.1% to 342.05 rupees * Bank says Q2 net profit rose 45% to 13.86 billion rupees ($145.96 million) from 9.55 billion rupees a year earlier * Quarterly interest earned rose to 7.72 billion rupees from 6.74 billion rupees * Bank's asset quality improved as gross NPA declined to 1.32% from 1.83%, supporting earnings growth * Stock rated "buy" on avg by 35 analysts, with median PT of 375 rupees - data compiled by LSEG * Stock up 24.1% YTD ($1 = 94.9575 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((anushka.rajvedi@thomsonreuters.com)