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IDBI Bank nears 52-week high; zooms 99% in 6 days on Rs 135 cr profit in Q4

The stock of the private sector lender was trading close to its 52-week high of Rs 40.90 touched on November 25, 2019

Topics
IDBI Bank | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Shares of IDBI Bank were locked in the upper circuit of 5 per cent at Rs 40.30 on the BSE on Monday, and were trading higher for the sixth day, after the bank reported robust earnings for the quarter ended March 2020 (Q4FY20). The stock of the private sector lender was trading close to its 52-week high of Rs 40.90 touched on November 25, 2019.

Till 09:41 am, a combined 3.2 million equity shares changed hands and there were pending buy orders for around 1.04 million shares on the NSE and BSE, the exchanges data show. IDBI Bank has seen its market price nearly double or soar ...

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First Published: Mon, June 08 2020. 09:44 IST
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