IDFC Bank's scrip inching up with volumes
By Yogesh Supekar | 9/2/2016 9:48 AM Friday
-Private banks have been investors' favourites, both institutional and retail and not to forget HNI investors as well. Private banks as a sector is amongst the best sector in terms of wealth creation.
IDFC Bank a relatively new entrant in the private banking space compared to HDFC Bank & ICICI bank , is gaining momentum both on ground in terms of business and in share price as well. The stock is inching up with increased volumes, which is always considered a bullish signal.
The IDFC stock has underperformed its peers heavily with the returns being negative 16 per cent over a 1 year period. However, if you look at the recent performance of the stock, the returns have been excellent with stock gaining almost 26 per cent in over a 6 month time frame. In one month time frame the stock has gained 16 per cent.
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