IDBI Bank is currently trading at Rs. 77.55, up by 2.95 points or 3.95% from its previous closing of Rs. 74.60 on the BSE.
The scrip opened at Rs. 74.50 and has touched a high and low of Rs. 77.90 and Rs. 73.90 respectively. So far 2103663 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.65 on 26-Feb-2018 and a 52 week low of Rs. 50.25 on 14-Aug-2017.
Last one week high and low of the scrip stood at Rs. 83.65 and Rs. 68.35 respectively. The current market cap of the company is Rs. 20215.06 crore.
The promoters holding in the company stood at 77.79%, while Institutions and Non-Institutions held 16.26% and 5.96% respectively.
Global credit rating agency, Moody’s Investors Service has affirmed the long-term local and foreign currency bank deposit rating of IDBI Bank at ‘B1’ and changed the outlook to positive from stable. The agency has affirmed the bank and its DIFC branch’s long-term foreign currency senior unsecured debt rating at ‘B1’ and changed the outlook to positive.
The agency stated that the positive outlook reflects the upward pressure that could develop on the bank’s long-term rating, if its credit fundamental such as capital position continues to improve over the next 12-18 months due to capital infusion.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
