RBL Bank Share Today RBL and IDBI Bank shares ran up 10%, tremendous buying in banking stocks Today there has been a tremendous rise in IDBI Bank shares. The shares of the bank have risen 9% to Rs 43.65. IDBI Bank shares are trading at the highest level in 4 months. At 1.20 pm, the bank’s shares were trading at Rs 43.60 with a gain of 8.73%. IDBI Bank shares touched the highest level of Rs 44.25 in intraday
has done. A day ago it was reported that LIC and the government are preparing to sell their 51% stake in IDBI Bank. The news of privatization of the bank has stirred the shares.
Heavy buying in banking stocks
Shares of RBL Bank, DCB Bank, Equitas Small Finance Bank, South India Bank, City Union Bank and IDFC First Bank rose between 3% and 10% today. Shares of Karur Vysya Bank is trading at Rs 68.25 with a gain of 6.90%. While Federal Bank shares are up 0.70% at Rs 114.80. Rakesh Jhunjhunwala held more than 3% stake in both these banking stocks.
Good opportunity to invest in banking stocks
A good opportunity to invest in banking shares, at this time good profits can be earned by investing in bank shares, today even the silver of intraday people saw a huge jump of up to 10% in the share of silver bank sector.
Karur Vysya and Federal Bank at 52-week high
Talking about public sector banks, Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, UCO Bank, Central Bank of India and Bank of Baroda have gained up to 2-5%.
Shares of select medium and small-sized banks rose up to 10 per cent on the National Stock Exchange (NSE) in intra-day trade on Thursday due to heavy trading.
Private sector lenders RBL Bank, DCB Bank, Equitas Small Finance Bank, South India Bank, City Union Bank and IDFC First Bank gained between 3 per cent and 10 per cent.
Rakesh Jhunjhunwala held more than 3 per cent stake in these two banks at the end of June quarter
Karur Vysya Bank (up 9 per cent at Rs 69.40) and Federal Bank (up 2 per cent at Rs 116) touched their respective 52-week highs. Late billionaire investor Rakesh Jhunjhunwala held over 3 per cent stake in these two banks at the end of the June quarter, according to the shareholding pattern data.
Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, UCO Bank, Central Bank of India and Bank of Baroda PSUs were up 2-5 per cent from the pack. 11:25 a.m.; The Nifty PSU Bank index, the top gainer in the sectoral index, was up 2.3 per cent as compared to a gain of 0.25 per cent in the Nifty 50.
IDBI Bank rises 10 per cent to Rs 44.25 in last two trading days
Among individual stocks, IDBI Bank rose 10 per cent to Rs 44.25 in the last two trading days on reports that the government is looking to sell at least 51 per cent in the state-backed lender. Average trading volume over the counter jumped more than four times with a combined 35.5 million shares changing hands on the NSE and BSE.
RBL Bank Share
Bloomberg quoted sources as saying, “Officers of the government and state-backed Life Insurance Corporation of India, which holds about 94 per cent of IDBI Bank shares, are in talks about how much of their stake they plan to sell.