IDBI Bank shares rally again as privatisation bid deadline hits; analyst flags ₹130 target
IDBI Bank shares pushed higher Thursday, hitting a peak of 113.50 rupees before pulling back slightly to trade around 111.57 rupees by 10:30 a.m., up about 2%. This came despite the Nifty 50 falling 0.5%. The stock has climbed nearly 13% this February, boosted by the Union Budget’s 80,000-crore-rupee disinvestment target. Drumil Vithlani, a technical analyst at Bonanza, noted that breaking above 110 rupees “can further accelerate upside momentum,” eyeing a range of 125–130 rupees.