IDBI Bank Ltd. Sees 6.6 Million Shares Traded, Ranking Among Most Active Stocks Today

IDBI Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 6,637,341 shares and a total traded value of approximately Rs 68.55 crore. The stock opened at Rs 104.2, reaching a day high of Rs 104.49 before settling at a last traded price of Rs 103.44. This price is notably close to its 52-week high of Rs 106.97, just 3.64% away.
Despite this activity, IDBI Bank underperformed its sector, recording a 1D return of -0.38%, while the sector itself saw a 1.06% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its performance metrics.

Investor participation has also seen a significant rise, with delivery volume on October 31 reaching 1.91 crore, a 94.17% increase compared to the 5-day average. Additionally, the stock's liquidity remains robust, accommodating trade sizes of up to Rs 9.67 crore based on 2% of the 5-day average traded value. Overall, IDBI Bank's performance today reflects a mix of active trading and sectoral challenges.