VinayRunwal
Long

IDBI BANK - On verge of multi year break-out!

NSE:IDBI   IDBI BANK LTD INR10
23 0 0
Q1 FY16-17 results have reported profits and seems like Bank has done with writeoff of NPA. Since last year there are news of privatization of this bank like Axis Bank.

Bank is in process of share sale of Rs6000cr and also separate offering for preferential shares which will allow investors to take over the management as per reports available in media. Bank’s fundraising could help bolster its balance sheet and rein in bad debts that totaled 7.47% of loans at the end of June, according to a presentation on its website

My initial target post breakout is 110-120 and if its privatized like Axis Bank, it will surely be a multi-bagger!
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out