Federal Bank – Is there room for re-rating amid the Covid scare?

We find comfort in the current valuation of Federal Bank at 1X FY22e adjusted book, which is at a discount to peers and could improve as asset quality concerns abate and growth returns

from Moneycontrol Business News https://www.moneycontrol.com/news/business/federal-bank-–-is-there-room-for-re-rating-amidcovid-scare_14989761.html