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Federal Bank hit a fresh 52 week high on the National Stock Exchange with 3.5 lakh shares changing hands in the first hour of trade compared with a total of 5.19 lakh shares that were traded on Thursday.

Federal Bank rose 2.8 percent to Rs 158.30, making it the top gainer among private sector lenders on Friday. The bank has surged nearly 14 percent in the past month.

Federal Bank reported a net profit of Rs 280 cr for the quarter ended March compared with Rs 265 cr in the three months to December.

(Image credit: Indiatimes)