Some Key take-away from my initial study of IDBI Bank:
- Listing of a subsidiary – NSDL
- Government disinvestment in pipeline
- Improving quarter on quarter results
- Very low free float in the market
Although there is very little coverage on the stock by research houses, I believe this can be the next big bank in the coming years with multi-fold increase in the share price.
Govt to complete IDBI Bank strategic sale in FY’25: DIPAM Secretary – Moneycontrol
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