ALSO READBSE small-cap gives 72% returns against Sensex's 34% in 3 years IDBI Bank posts 3rd straight quarterly loss at Rs 853 cr in Q1 on higher NPAs Airtel gets Rs 2,570 crore from Infratel stake sale IDBI Bank employees to observe one-day strike tomorrow IDBI Bank plans to raise extra capital, sell non-core assets for turnaround
On the BSE, 5.07 lakh shares were traded in the counter so far, compared with average daily volumes of 4.59 lakh shares in the past one-quarter. The stock had hit a high of Rs 57.15 and a low of Rs 54.10 so far during the day. The stock hit a 52-week high of Rs 86.50 on February 6, 2017. The stock hit a 52-week low of Rs 50.25 on August 14, 2017.
The stock had underperformed the market over the past one month till 7 September 2017, falling 0.80 per cent compared with 0.42 per cent decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.94 per cent as against Sensex's 1.28 per cent rise. The scrip had also underperformed the market in past one year, falling 26.39 per cent as against Sensex's 9.01 per cent rise.
The large-cap company has equity capital of Rs 2369.48 crore. Face value per share is Rs 10.
As on August 28 2017, IDBI Bank held 8.64 crore shares, or 16.25 per cent stake in Small Industries Development Bank of India (SIDBI).
Sidbi acts as the principal financial institution for the promotion, financing and development of the micro, small and medium enterprise sector and for co-ordination of the functions of the institutions engaged in similar activities.
IDBI Bank reported net loss of Rs 853.01 crore in Q1 June 2017 as against net profit of Rs 241.10 crore in Q1 June 2016. Operating income declined 18.1 per cent to Rs 6730.88 crore in Q1 June 2017 over Q1 June 2016.
The government of India holds 75.10 per cent stake in IDBI Bank (as on 14 August 2017).
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