Key Events This Week
Feb 9: Exceptional volume amid price volatility; Mojo Grade downgraded to Hold
Feb 10: Intraday high reached with 5.22% surge; exceptional volume spike
Feb 11: Continued volume surge and positive momentum; outperformance vs sector
Feb 12-13: Minor price correction followed by modest recovery; week closes at Rs.110.71
9 February 2026: Exceptional Volume Amid Price Volatility and Mojo Grade Downgrade
On Monday, IDBI Bank Ltd. emerged as one of the most actively traded stocks, with a remarkable volume of over 1.03 crore shares and a traded value near ₹10.89 crores. Despite this surge in activity, the stock declined by 2.69% to close at Rs.104.04, underperforming the Sensex which gained 1.04% that day. The stock opened at Rs.108.76, touched an intraday high of Rs.109.40 (+2.38%), but also fell to a low of Rs.103.61 (-3.04%), indicating significant intraday volatility.
The weighted average price skewed closer to the day’s low, suggesting distribution pressure as larger holders possibly offloaded shares amid uncertain market conditions. This was compounded by a downgrade in the Mojo Grade from Buy to Hold, reflecting a more cautious outlook amid ongoing volatility. Despite the setback, the stock remained above its key moving averages, signalling underlying technical support.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- - Market-beating performance
- - Committee-backed winner
- - Aluminium & Aluminium Products standout
10 February 2026: Strong Intraday Rally and Exceptional Volume Surge
The following day, IDBI Bank Ltd. rebounded sharply, surging 3.82% to close at Rs.108.01, supported by an intraday high of Rs.111.71 (+7.37% from previous close). The stock outperformed the private sector banking sector and the Sensex, which rose by 0.25%. Trading volume more than doubled to 2.34 crore shares, with a traded value of approximately ₹253.38 crores, signalling robust investor interest.
Technical indicators remained favourable, with the stock trading above all major moving averages, reinforcing positive momentum. Delivery volumes increased by 11.38% over the five-day average, indicating genuine accumulation rather than speculative trading. The weighted average price was closer to the day’s low, suggesting some profit booking but overall sustained buying interest.
11 February 2026: Continued Volume Surge and Positive Momentum
On Wednesday, the stock maintained its upward trajectory, gaining 3.13% to close at Rs.111.39. Trading volume remained elevated at 1.41 crore shares, with a traded value near ₹153.47 crores. The stock outperformed the private sector banking sector by 2.5% and the Sensex by nearly 3%, which itself rose 0.13%.
Delivery volumes increased marginally by 1.01% compared to the five-day average, signalling sustained accumulation. The stock’s position above key moving averages continued to attract institutional interest. Despite some cautious trading indicated by the weighted average price near the day’s low, the overall technical and volume signals pointed to strengthening investor confidence.
Holding IDBI Bank Ltd. from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
12-13 February 2026: Minor Correction Followed by Modest Recovery
On Thursday, the stock experienced a slight pullback, declining 1.13% to Rs.110.13 amid a broader market correction where the Sensex fell 0.56%. Trading volume was moderate at 2.28 million shares. The weighted average price again suggested some profit-taking near the day’s low, but the stock remained above key moving averages, maintaining technical support.
On Friday, IDBI Bank recovered modestly, gaining 0.53% to close at Rs.110.71, despite the Sensex dropping 1.40%. Volume was lower at 1.52 million shares, reflecting a quieter session. The stock’s resilience in the face of broader market weakness capped the week’s performance on a positive note.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.104.04 | -2.69% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.108.01 | +3.82% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.111.39 | +3.13% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.110.13 | -1.13% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.110.71 | +0.53% | 36,532.48 | -1.40% |
Key Takeaways
1. Strong Volume and Price Momentum: The week was characterised by exceptional trading volumes, particularly on 9, 10, and 11 February, signalling heightened investor interest. The stock’s ability to sustain gains above key moving averages underpinned its positive momentum.
2. Outperformance vs Sensex and Sector: IDBI Bank outperformed the Sensex by 4.08% over the week, despite a cautious sector environment and a Mojo Grade downgrade to Hold. This relative strength highlights stock-specific drivers supporting the price.
3. Mixed Accumulation and Distribution Signals: While rising delivery volumes on 10 and 11 February indicate genuine accumulation, weighted average prices closer to intraday lows suggest some profit booking and distribution pressure, warranting close monitoring.
4. Technical Resilience Amid Market Volatility: The stock’s consistent trading above its 5-day to 200-day moving averages provides a technical cushion, attracting momentum traders and institutional investors despite short-term volatility.
Conclusion
IDBI Bank Ltd.’s performance during the week ending 13 February 2026 reflects a nuanced market narrative. The stock demonstrated robust volume-driven momentum and technical strength, enabling it to outperform the broader market and its sector peers. However, the downgrade to a Hold mojo grade and signs of distribution amid profit booking suggest a cautious outlook. Investors should continue to monitor volume-price dynamics and delivery trends to assess the sustainability of the current momentum. The stock’s liquidity and mid-cap status make it accessible for a range of investors, but prudence remains advisable given the mixed signals observed.
Unlock special upgrade rates for a limited period. Start Saving Now →
