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IDBI Bank is currently trading at Rs. 108.10, up by 0.95 points or 0.89% from its previous closing of Rs. 107.15 on the BSE.
The scrip opened at Rs. 106.45 and has touched a high and low of Rs. 109.75 and Rs. 105.50 respectively. So far 126096 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.75 on 25-Apr-2011 and a 52 week low of Rs. 77.15 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 114.45 and Rs. 105.50 respectively. The current market cap of the company is Rs. 10702.82 crore.
The promoters holding in the company stood at 65.13% while Institutions and Non-Institutions held 18.91% and 15.96% respectively.
IDBI Bank has introduced country’s first online G-Sec portal ‘Samriddi’ to help retailers to purchase government bonds and securities for high yield. Following RBI’s aspiration that government bonds and securities should be made a popular mode of investment for retailers, the bank has taken the initiative and launched the Samriddhi G-Sec portal.
To Purchase the bonds retailer can log on to the portal and register with it for online purchase of government bonds and securities for high annualized yield. Taking into consideration retail investors’ contribution in government bonds and securities were much lower in India than countries like Japan, Mexico and Argentina. The bank aims to launch a series of awareness programmes to attract the retail investors.
IDBI Bank has a large portfolio of MSME sector units and is desirous of expanding its lending to this MSME sector in view of the fact that this sector is a key driver of Indian economy in terms of contribution to GDP, employment and exports and also the pronouncements in the Government's MSME policy.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1560.50 |
| ICICI Bank | 1116.00 |
| Axis Bank | 1193.00 |
| Indusind Bank | 1482.00 |
| Kotak Mahindra Bank | 1723.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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