Is IDBI a good stock to buy?
As on 19th Jul 2022 IDBI SHARE Price closed @ 36.15 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 43.78 & Buy for SHORT-TERM with Stoploss of 35.45 we also expect STOCK to react on Following IMPORTANT LEVELS.
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Which company among the following will be buying a share in the IDBI Bank?
LIC bought a 51 per cent stake in IDBI in January 2019, by purchasing 82.75 crore shares from the government.
Who has the majority share holding in IDBI?
The government
The government currently holds a 45.5 per cent stake in IDBI Bank. Life Insurance Corporation (LIC) of India owns 49.2 per cent stake in the lender. The remaining 5.3 per cent is held by public shareholders.
Will IDBI shares go up?
Tomorrow’s movement Prediction of IDBI Bank Limited IDBI as on 11 Jul 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened….Munafa value: 75 as on 11 Mon Jul 2022.
| Upside target | 34.43 |
|---|---|
| Downside target | 31.85 |
| Downside target | 31.6 |
| Downside target | 31.57 |
| Downside target | 31.35 |
Is IDBI Bank good for long term investment?
Since the asset quality concerns are fully priced in, the bank is a good long-term bet. As with most PSU banks, asset quality remains an important concern for IDBI Bank as well.
Will IDBI become private bank?
The government had first announced its plans for the privatisation of IDBI Bank in February 2021 and intended to complete the process in the fiscal year ended on March 31, 2022. It subsequently also announced that two other public sector banks could be privatised.
Is IDBI going to be Privatised?
The government is yet to discuss several issues concerning the potential buyers and is working on it. The framework being created by the government for IDBI’s privatisation might be used for the privatisation of two other nationalised banks- a decision that was announced in 2021- reported TOI.
Why IDBI share price is increasing?
Share of IDBI Bank opened 17 per cent higher at Rs 44.80 on the Bombay Stock Exchange after Reserve Bank of India (RBI) removed the lender from the prompt corrective action framework, subject to certain conditions and continuous monitoring.
What is Target of IDBI?
Tomorrow’s movement Prediction of IDBI Bank Limited IDBI as on 18 May 2022 appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock….Munafa value: 46 as on 18 Wed May 2022.
| Downside target | 36.82 |
|---|---|
| Upside target | 39.12 |
| Upside target | 39.3 |
What is the future of IDBI share?
Tomorrow’s movement Prediction of IDBI Bank Limited IDBI as on 18 Jul 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened….Munafa value: 65 as on 18 Mon Jul 2022.
| Upside target | 37.7 |
|---|---|
| Downside target | 36.15 |
| Downside target | 35.45 |
| Downside target | 34.65 |
| Downside target | 34.6 |
Who owns IDBI Bank?
Life Insurance CorporationIDBI Bank / Parent organization
Is IDBI merged with any bank?
The United Western Bank Ltd. (UWB), a Satara-based private sector bank, was amalgamated with IDBI Ltd., in terms of the provisions of Section 45 of the Banking Regulation Act, 1949. The merger came into effect on October 03, 2006.
Who owns IDBI?
Life Insurance CorporationIDBI Bank / Parent organization
Currently, the Union government and Life Insurance Corporation of India have 45.48 per cent and 49.24 per cent shareholding, respectively, in IDBI Bank, and the LIC of India is the promoter of the bank with management control.
Is IDBI Bank good for long-term investment?
Is IDBI sold?
The government plans to invite expression of interest to sell its stake in LIC-controlled IDBI Bank by the next month-end, a senior official has said. As part of the divestment, the government plans to sell its entire 45.48 per cent stake eventually.
