Smith6791
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15 Messages

The stock of IDBI Bank (CMP: Rs 59, Mcap: Rs 63,654 crore) has hit a 52-week high after rallying more than 50 per cent in the past one month. The key triggers that led to the spectacular rise in the stock price were the banks rating upgrade by the ICRA, governments indication to come out with an expression of Interest (EoI) for a strategic disinvestment in the bank by December, and ace investor Rakesh Jhunjhunwala picking up a stake in the bank.

12.17 AM Oct 15th
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