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IDBI Bank is currently trading at Rs. 108.00, up by 2.30 points or 2.18% from its previous closing of Rs. 105.70 on the BSE.
The scrip opened at Rs. 107.00 and has touched a high and low of Rs. 108.85 and Rs. 105.40 respectively. So far 257135 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. 113.00 and Rs. 103.90 respectively. The current market cap of the company is Rs. 10530.51 crore.
The promoters holding in the company stood at 65.13% while Institutions and Non-Institutions held 18.91% and 15.96% respectively.
Credit rating agency, ICRA has assigned AA+ rating with a stable outlook to the Rs 3500 crore (enhanced from Rs 2500 crore) senior and lower tier II bonds programme of IDBI Bank. The bank also has AA+ rating with stable outlook, AA rating with stable outlook and MAA+ rating on the other outstanding long term and lower tier II bonds, upper tier II and perpetual bonds, and fixed deposits, respectively.
The company’s ratings factor in the implicit sovereign support enjoyed by the bank in its role as one of the larger commercial banks in the country and the demonstrated support from Government of India (GoI).
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 | 1507.85 |
| ICICI Bank | 1102.25 |
| Axis Bank | 1159.70 |
| Indusind Bank | 1460.00 |
| Kotak Mahindra Bank | 1693.85 |
| 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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