IDFC First Bank gains on fund raising plan

IDFC First Bank rose 1.12% to Rs 22.50 after the bank scheduled a board meeting on Friday, 1 May 2020, to consider raising of funds by way of issue of equity shares of the bank on a preferential basis.

So far, the stock has hit an intraday high of Rs 22.70 and an intraday low of Rs 22.35.

Currently, the scrip is trading 56.60% below its 52-week high of Rs 51.85 hit on 30 April 2019. It is 26.76% above its 52-week low of Rs 17.75 hit on 24 March 2020.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

 

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