/ IDBI Bank Trades Higher On The Bourses ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 2 July 2018

IDBI Bank is currently trading at Rs. 56.10, up by 1.20 points or 2.19% from its previous closing of Rs. 54.90 on the BSE.The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 58.00 and Rs. 55.65 respectively. So far 2717402 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.80 on 05-Mar-2018 and a 52 week low of Rs. 49.15 on 28-Jun-2018.Last one week high and low of the scrip stood at Rs. 60.20 and Rs. 49.15 respectively. The current market cap of the company is Rs. 23456.47 crore.
The promoters holding in the company stood at 80.96%, while Institutions and Non-Institutions held 13.86% and 5.17% respectively.IDBI Bank is eyeing to raise the share of structured retail book to 29% of the total advances by March 2019 from 25% last year.

In order to achieve this, the Bank is also looking to enhance its non-mortgage book (personal, car and education loan) and looking at the higher spread available in these segments.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

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