IDBI Bank stock has gained 13 per cent in February so far after the Union Budget rekindled hopes of disinvestment. Bonanza technical analyst expects the stock to target ₹125 - ₹130 in the near-term.
As many as a combined 41.5 million shares representing 7.3 per cent of total public shareholding of the IDBI Bank have changed hands on the NSE and BSE.
Stocks to buy today: Osho Krishan, chief manager - technical & derivatives research, Angel One, has recommended buying shares of IDBI Bank, and Inox Green Energy Services today
The BSE 500 index hit a 52-week high at 37,771.93 on Friday, and stands 2.6 per cent away from it's all-time high of 38,740.08 touched on September 27, 2024.
A government agency is expected to formally open the bidding process as soon as this month, in what could be the biggest state-backed disposal of a bank stake in decades
A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740
The average trading volumes at the IDBI Bank counter jumped nearly two-fold with a combined 58.94 million equity shares changing hands on the NSE and BSE till 12:26 PM.
Q2FY26 company results: Many banks including IDBI, IDFC First, IndusInd, Jammu & Kashmir Bank, and Punjab National Bank will also release their September quarter earnings reports today
DFS Secretary M Nagaraju says the government will complete the IDBI Bank sale this fiscal and begin phased divestment in five other public sector lenders
With the US imposing 50% tariffs from Aug 27, Indian banks are stepping in to support exporters, especially MSMEs, through cheaper loans, flexible repayment, export insurance.
Bank officers' union AIBOC has opposed the Centre's plan to privatise IDBI Bank, saying it endangers public trust, social justice and economic sovereignty while risking financial exclusion
SEBI has approved reclassification of LIC as a public shareholder in IDBI Bank following strategic divestment, subject to curbs on voting rights and board representation
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Dipam Secretary Arunish Chawla said IDBI Bank privatisation should conclude by March 2026 as bidders complete due diligence, with FY26 disinvestment proceeds set to exceed targets