ICICI Securities has issued a buy rating on Fedbank Financial Services with a target price of ₹200 in its research report dated October 16, 2026. According to the brokerage's assessment, the stock is positioned in the select NBFC category that generates 17-18% RoE. The recommendation is based on 2x Sep'27E BVPS valuation methodology.
As of October 16, 2026, Fedbank Financial Services shares are trading at ₹163.20 on both NSE and BSE, showing a 6.85% increase over the past six months and 5.17% growth over the last year. The stock opened at ₹163.20 and closed at ₹157.55 the previous day, with a 52-week high of ₹178.40 and 52-week low of ₹119.05. The company's current market capitalisation stands at approximately ₹5,910 crore.
Fedbank Financial Services has demonstrated robust financial metrics, achieving >99% secured loans and maintaining <1% credit cost. As reported by ICICI Securities, the company has recorded over 30% AUM growth and fits perfectly into the high-performing NBFC segment. The company's strategic focus remains on capital deployment towards high-RoE businesses including gold and small-ticket LAP segments.
Management has outlined clear strategic priorities for the company's growth trajectory. According to ICICI Securities' report, these include containing credit cost below 1%, sustaining growth momentum, and achieving RoA expansion to 3% in the medium term. The expansion is expected to be driven by operating leverage and marginally lower/stable credit costs, positioning the company for sustained profitability improvements.
