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IDBI Bank spurts on reporting 78% rise in Q1 net profit

12 Aug 2016 Evaluate

IDBI Bank is currently trading at Rs 68.55, up by 0.20 points or 0.29% from its previous closing of Rs. 68.35 on the BSE.

The scrip opened at Rs. 68.55 and has touched a high and low of Rs. 69.05 and Rs. 68.40 respectively. So far 86925 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.70 on 03-Dec-2015 and a 52 week low of Rs. 47.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 70.00 and Rs. 65.45 respectively. The current market cap of the company is Rs. 14072.00 crore.

The promoters holding in the company stood at 73.98%, while Institutions and Non-Institutions held 18.44% and 7.58% respectively.

IDBI Bank has registered 78.35 % rise in its net profit at Rs 241.1crore for the quarter as compared to Rs 135.18 crore for the same quarter in the previous year. Total income of the company increased by 4.00% at Rs 8219.43 crore for quarter under review as compared to Rs 7903.37 crore for the quarter ended June 30, 2015.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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