IDBI Bank is currently trading at Rs. 64.00, down by 0.80 points or 1.23% from its previous closing of Rs. 64.80 on the BSE.
The scrip opened at Rs. 63.90 and has touched a high and low of Rs. 64.65 and Rs. 63.65 respectively. So far 64897 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.20 on 09-Jan-2013 and a 52 week low of Rs. 52.30 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 67.85 and Rs. 63.20 respectively. The current market cap of the company is Rs. 8536.41 crore.
The promoters holding in the company stood at 71.72% while Institutions and Non-Institutions held 16.70% and 11.58% respectively.
Global rating agency, Standard & Poor’s (S&P) has downgraded IDBI Bank’s foreign currency issuer credit rating from ‘BBB-‘ to ‘BB+’ on back of weak asset quality of the bank which is expected to remain feeble through the next 12-18 months. The outlook on the bank’s long-term rating was negative.
The issue ratings on IDBI Bank’s senior debt has been downgraded to ‘BB+’ from ‘BBB-‘, subordinated debt to ‘BB-‘ from ‘BB+’, and junior subordinated debt to ‘B’ from ‘B+’.
IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the bank to offer personalized banking and financial solutions to its clients through its 1,111 branches and 1821 ATMs.
