IDBI Bank gains 6%

The government is planning to bring down its holding in IDBI Bank to 49%.

IDBI Bank Ltd is currently trading at Rs. 78.4, up by 4.5 points or 6.22% from its previous closing of Rs. 73.9 on the BSE.

The government is planning to bring down its holding in IDBI Bank to 49%.

The scrip opened at Rs. 74.7 and has touched a high and low of Rs. 79 and Rs. 74.55 respectively. So far 3340768(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11853.25 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.8 on  and a 52 week low of Rs. 52.45 on . Last one week high and low of the scrip stood at Rs. 75.4 and Rs. 57.4 respectively.

The promoters holding in the company stood at 76.5 % while Institutions and Non-Institutions held 13.79 % and 9.71 % respectively.

The stock is currently trading below its 200 DMA.