Synopsis: During Tuesday’s trading session at noon , the shares of this bank gained more than 8% as reports about Government of India and Life insurance corporations are likely to sell their stake through bids.

The shares of this bank which is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings banks and discount houses,jumped as the report about the centre likely to sell its stake in the bank through invite bids spread in the market .

With the market cap of Rs 1,09,700 crore , the shares of IDBI bank ltd skyrocketed more than 8% and made a high of Rs 104.1 compared to its previous day closing price of Rs 95.87 . The shares are closing towards their 52 week high of Rs 106.34. IDBI bank has given a return of 126% over the last 3 year

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