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IDFC Bank rises with Promoter raising stake in the bank

15 Jun 2018 Evaluate

IDFC Bank is currently trading at Rs. 44.15, up by 0.05 points or 0.11% from its previous closing of Rs. 44.10 on the BSE.

The scrip opened at Rs. 44.10 and has touched a high and low of Rs. 44.55 and Rs. 44.05 respectively. So far 203551 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.35 on 12-Jan-2018 and a 52 week low of Rs. 37.65 on 05-Jun-2018.

Last one week high and low of the scrip stood at Rs. 44.55 and Rs. 41.30 respectively. The current market cap of the company is Rs. 15046.15 crore.

The promoters holding in the company stood at 52.80%, while Institutions and Non-Institutions held 30.49% and 16.70% respectively.

IDFC Bank’s Promoter IDFC Financial Holding Company has bought 1,48,109 equity shares of the bank for an amount of Rs 64,62,618 through open market purchase on June 13, 2018.

Prior to this purchase, the entity had 1803612668 equity shares or 52.98% stake in the bank, which has increased to 1803760777 equity shares or 52.99%.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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