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

35 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!
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out