Tuesday, 24 November 2015

IDBI Bank raises stake in IVRCL to over 5% | Stock Market Tips

IDBI Bank said it has acquired an additional stake in IVRCL Ltd, raising its total stake in the latter to over 5 percent. It said the acquisition was done through conversion of Funded Interest Term Loan (FITL) into equity. Before the acquisition, IDBI Bank had over 4.77 percent stake in the company, as per BSE filing. 

IDBI Bank stock price On November 24, 2015, at 09:48 hrs IDBI Bank was quoting at Rs 84.30, up Rs 0.65, or 0.78 percent. The 52-week high of the share was Rs 89.75 and the 52-week low was Rs 52.45.

The company's trailing 12-month (TTM) EPS was at Rs 5.63 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 14.97. The latest book value of the company is Rs 141.24 per share. At current value, the price-to-book value of the company is 0.60.
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