IDBI Bank Ltd News

IDBI Bank shares fall 7% as govt mulls OFS route to pare stake

IDBI Bank share price: Notably, the sentiment has been dented after the government's IDBI Bank privatisation bid failed, as the bids from two potential buyers were below the reserve price

IDBI Bank tanks 29% in 1 wk, nears 52-wk low amid disinvestment uncertainty

A combined 44.31 million shares representing 7.8% of IDBI Bank's total free float equity, changed hands on the NSE and BSE in Tuesday's intra-day trade.

IDBI Bank shares tumble 14% on reports of stake sale cancellation

IDBI Bank share price today: The sell-off comes amid reports that the government could scrap the divestment plan after bids fell short of the reserve price

India's privatisation push loses steam as IDBI Bank stake sale scrapped

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

IDBI Bank strategic sale scrapped as financial bids below reserve price

The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids put in by potential buyers were below the reserve price, sources said on Friday. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came in on February 6. Sources said the financial bids for the IDBI Bank strategic sale have come in lower than the reserve price set by the inter-ministerial group on disinvestment headed by secretaries in the finance ministry. According to sources, the bids for IDBI Bank have been opened and they were below the reserve price set by the IMG and agreed to by the core group on disinvestment, which is chaired by the Cabinet Secretary. Prem Watsa-led Fairfax and Emirates NBD are reported to have put in bids for the strategic sale of IDBI Bank. Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.

Broader markets fall as West Asia war weighs; check top drags

Since the start of the West Asia conflict, the Nifty Midcap and Smallcap indices have moved lower, mostly in line with the frontline Nifty 50, but with less intensity

Netweb Tech, IDBI Bank showing steady bullish trend; trading strategy here

Stocks to buy: Choice Equity Broking Technical Research Analyst Aakash Shah suggests Netweb Technologies, IDBI Bank, and SBI Life Insurance Company for buying

IDBI Bank extends rally, stock up 4%; analyst predicts further 18% upside

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.

IDBI Bank spurts 10% on heavy volumes in subdued market

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: IDBI Bank, Inox Green; check target, stop-loss

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

Stocks with bullish momentum: IDBI Bank, CIL, Graphite, JSL, Ajanta Pharma

Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.

BSE 500 hits 52-week high; 18 stocks touch all-time highs; full list here

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.

IDBI Bank shares soar to highest in 11 years; stock jumps 11% on volumes

IDBI Bank stock rose as much as 11.1 per cent during the day to ₹115.1 per share, the highest level since June 2014

Trading guide, Nov 26: Check key Nifty levels to watch; two stocks to buy

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

IDBI Bank hits 52-week high; stock rallies 9% on heavy volumes

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.

IDBI Bank rallies 9% on heavy volumes; stock nears 52-week high

Till 01:48 PM, 76.1 million equity shares, representing 13.4 per cent of free-float equity of IDBI Bank, had changed hands on the NSE and BSE

YES, RBL Bank foreign deals put mid-cap bank stocks in focus; time to buy?

Foreign investors are making strategic bets on mid-cap private banks like YES Bank, RBL Bank, and Federal Bank. Should you invest?