Sell IDBI Bank, target Rs 54: Manas Jaiswal
ETMarkets.com|
Dec 14, 2017, 12.13 PM IST
Manas Jaiswal of manasjaiswal.com has a sell call on IDBI Bank with a target price of Rs 54.
The current market price of IDBI Bank is Rs 57.75.
Time period given by the analyst is intraday when IDBI Bank price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 59.
IDBI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 15,551.06 Crore).
IDBI Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 19,310.33 Crore to Sales Value (69.48 per cent of Total Sales), Income From Investment which contributed Rs 6574.71 Crore to Sales Value (23.65 per cent of Total Sales), Interest which contributed Rs 1449.48 Crore to Sales Value (5.21 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 456.85 Crore to Sales Value (1.64 per cent of Total Sales)for the year ending 31-Mar-2017.
The current market price of IDBI Bank is Rs 57.75.
Time period given by the analyst is intraday when IDBI Bank price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 59.
IDBI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 15,551.06 Crore).
IDBI Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 19,310.33 Crore to Sales Value (69.48 per cent of Total Sales), Income From Investment which contributed Rs 6574.71 Crore to Sales Value (23.65 per cent of Total Sales), Interest which contributed Rs 1449.48 Crore to Sales Value (5.21 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 456.85 Crore to Sales Value (1.64 per cent of Total Sales)for the year ending 31-Mar-2017.
