The block deal constituted 0.18% of the bank's equity.

Meanwhile, the BSE Sensex was up 373.14 points, or 2.45%, to 15,613.97.

On BSE, 3.18 lakh shares were traded in the counter. The stock had an average daily volume of 1.49 lakh shares in the past one quarter.

The stock hit a high of Rs 222.95 and low of Rs 219.60 so far during the day. The stock hit a 52-high of Rs 269 on 17 June 2009 and a 52-week low of Rs 110.50 on 3 March 2009.

The mid-cap bank stock had underperformed the market over the past one month till 21 August 2009, falling 8.98% as compared to the Sensex's 1.18% rise. It had also underperformed the market in the past one quarter, declining 12.70% as compared to the Sensex's return of 10.95%.

The bank's current equity is Rs 171.03 crore. Face value per share is Rs 10.

The current price of Rs 221.35 discounts the bank's Q1 June 2009 annualized EPS of Rs 31.90, by a PE multiple of 6.94.

Federal Bank's net profit surged 100.1% to Rs 136.38 crore on 21.4% rise in total income to Rs 1021.79 crore in Q1 June 2009 over Q1 June 2008.

The bank's gross non-performing assets (NPA) rose 15.10% to Rs 631.23 crore in Q1 June 2009 over in Q1 June 2008. The ratio of gross NPAs rose slightly to 2.65% as on 30 June 2009 from 2.64% as on 30 June 2008. But the net NPAs as of 30 June 2009 was at 0.29%, lower than 0.46% as on 30 June 2008.

The Kochi-based private sector bank, Federal Bank, has a significant presence in Kerala. Presently Federal Bank has more than 500 branches in India with over 300 in Kerala alone.