/ IDBI Bank Tanks 7% As It Reports Quarterly Loss ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 18 May 2017

IDBI Bank Limited on Thursday tanked by 7% as it announced its quarterly earnings result. It is trading at Rs 70.30 per share, down by 7.38% at 15:06 hours IST.

It hit a high of Rs 75.40 and a low of Rs 69.45 so far during the day.

The bank reported a standalone net loss of Rs 3199 crore for the quarter ended March 31, 2017, as against a standalone net loss of Rs 1735.81 crore for the same quarter in the previous year, as per BSE filing.

It reported gross NPAs of 21.25% and net NPAs of 13.21% for the quarter ended March 31, 2017.

On the NSE, the traded volume of shares is 1,31,03,176 and the traded value is Rs 9391.05 lakhs. The free-float market capitalisation of the company is Rs 2814.61 crore.

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