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Shipping Corp, IDBI Bank shares skyrocket on buzz over govt's divestment plan

The new government, which is likely to be formed by the NDA if exit polls are anything to go by, will likely focus on disinvestment of IDBI Bank and Shipping Corp of India in its first 100 days in office, according to reports.

Hot Stocks: IDBI Bank, Aegis Logistics, Bank of India may deliver 10-15% return in short term

Over the short term, the Nifty 50 may trend towards 22,650. Support is positioned at 22,350 on the lower end.

IDBI Bank Ltd. engages in the provision of commercial banking services to retail and corporate customers. It operates through the following segments: Corporate and Wholesale Banking; Retail Banking; Treasury; and Other Banking and Group Operations. The Corporate and Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail, as well as corporate advisory and syndication, project appraisal, and investment portfolio. The Retail Banking segment comprises of credit and deposit activities that are primarily oriented towards individuals and small business including priority sector lending. The Treasury segment trades portfolio of investments, money market operations, derivative trading, and foreign exchange operations on the proprietary account and for customers. The Other Banking and Group Operations segment Includes operations and activities of group companies other than bank. The company was founded on July 01, 1964 and is headquartered in Mumbai, India.

IDBI Bank Ltd

Volume	87.25M
52-Wk High	106.60
52-Wk Low	57.75

IDBI.NSE IDBI Bank Ltd

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